The OBR are expected to warn this week that the Chancellor looks set to miss his target for bringing down Britain's debt mountain; raising the prospect of more austerity measures.
Unless the Chancellor puts forward further hardship measures, Economists - alarmed by just how difficult it seems for the debt-ratio to begin decreasing in the foretold timescale of 2014-15 and 2015-16 (which Mr Osborne set to reduce GDP) - warn that Mr Osborne's goal for reductions to the
gross domestic product were totally underestimated. This means the Chancellor's duel debt-reducing targets are more at risk because of the low growth-estimates and their knock-on impact on the
Treasury's revenues.
"When the OBR was established in 2010 I said that the evidence of its success would come when a Chancellor of the Exchequer wished it had never been set up. I think that moment is approaching..."
As if things aren't bad enough! The outcome being an extra year of hardship is foreseen for British citizens .