George Osborne has received a boost as he puts the finishing touches to his autumn statement, as official figures showed stronger tax receipts from the gathering pace of the economic recovery are helping to boost the public finances.
We've observed before how the UK's Office for Budget Revisionism has been leading the creation of the alternative wing of financial comedy by satirising economists' penchant for dodgy predictions with forecasts so misguided they seem deliberately bad.
Chancellor George Osborne was "spared blushes" thanks to a slightly better-than-expected outturn for last year's public finances, economists said, after official data showed the deficit edged lower.
George Osborne has been told by the International Monetary Fund to rethink the pace of his deficit reduction plan after the Washington based institution cut its forecast for UK growth in both 2013 and 2014.
Ed Miliband condemned George Osborne on Wednesday as a "downgraded chancellor", saying the country was now "worse off" than when the coalition was formed in 2010.
The Office for Budget Responsibility (OBR) has downgraded growth forecasts once again and predicted sharply higher borrowing as Britain struggles to avoid an unprecedented triple-dip recession.
A majority of people now believe that the government's economic policies are hurting rather than healing the British economy, a new poll reveals, as cabinet divisions over how best to stimulate a return to growth threaten to destabilise the coalition.
The coalition has attempted to play down a warning by the business secretary, Vince Cable, that Britain faces the risk of a triple-dip recession.
Britain's leading experts on tax and spending have warned George Osborne that weak tax receipts from the struggling economy have left him on course to miss his borrowing target by £13bn this year.
Just after his inauguration, President Barack Obama made a pledge: to cut the nation's $1.3tn deficit in half by the end of his first term.