George Osborne and the Treasury

: The south-east was the biggest winner, with £234m saved by homebuyers, according to The Guardian. The shadow chancellor, John McDonnell, attacked Osborne, who was in Shanghai for the G20 meeting of finance ministers, for attempting to distract from his recent warning that disappointing economic results meant he would need to cut public spending at the next budget further than planned. The Treasury published a press release claiming that 780,000 homebuyers had saved an estimated £657m on stamp duty in the last year since George Osborne reduced stamp duty for 98% of people who pay it. He has sneaked off to China to admit what Labour have been saying for months … Far from paying our way, Osborne short-term economics means Britain is deeper and deeper in hock to the rest of the world. The truth is that the biggest risk to the British economy is George Osborne. Labour and a growing coalition that now includes the OECD and the IMF are calling for an economy based on increased investment. (news.financializer.com). As reported in the news.