Osborne vs Brown: Who Did More for You?

THE WEEK: Following yesterday's Autumn Statement, Rodney Hobson pits two Chancellors against one another and examines who has done more for Britain

Rodney Hobson 6 December, 2013 | 3:11PM

The Autumn Statement has turned into a right dog’s dinner. It is not delivered in autumn and it is no longer a statement.

It is quite right that we have got away from the once-a-year shock of the annual Budget where items were sprung out of the blue and it was considered a hanging offence for a Chancellor to leak the contents and give the markets and the economy a chance to adjust.

That movement towards gradualness and forward guidance is the one thing that Gordon Brown got right in his long years at the Treasury. However, the downside is that the autumn statement, originally intended to be a halfway-through-the-year summary of how things are panning out, has become a hybrid with Budget measures thrown into the mix. 

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About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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