Osborne's five biggest disappointments

The Chancellor's numbers are grim: growth downgraded to 0.9% with 2012 growth slipping to 0.7%. A 1% cap on public sector pay rises for two years after current freeze is another hit and more (much more) borrowing. But despite some, for example, positive news on SME lending and the Regional Growth Fund, there was a disappointing lack of progress in other areas. Unemployment, the bank levy, benefits...