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.
A tax windfall from Swiss banks has helped the UK post a bigger improvement in its public finances than expected, giving a boost to George Osborne ahead of his spending review next week.
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.
Professor Michael Woodford of Columbia University says governments shouldn't create money and give it to the banks as quantitative easing.
Napoleon always said he wanted lucky generals, and by that token David Cameron chose the wrong man in George Osborne. Even when the chancellor received some desperately needed good news – as he did on the day after the budget – it came with a nasty sting in the tail.
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.
Britain was stripped of its AAA-rated debt status for the first time ever on Friday night in a move that puts pressure on George Osborne, who had pledged to use his austerity measures to protect the rating.