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2016-11-25 — theguardian.com
George Osborne was expecting to achieve a surplus of £11bn on the public finances by 2020-21; instead, the OBR is now forecasting a £21bn deficit -- and public debt is expected to peak at more than 90% of GDP.
With little cash to spare, Hammond offered only modest handouts to the "just about managing" families (Jams) Theresa May's government had said it wanted to help, although he repeatedly used the mantra of "building an economy that works for everyone".
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