Review of the year - November 2011

PA

George Osborne was the man of the month. His Autumn Statement promised doom and gloom on a massive scale. The headline announcements included a 1% pay rise cap for public sector workers - following the two year pay freeze. The retirement age rise from 66 to 67 was brought forward to 2026. Working tax credits were largely frozen, and the promised above-inflation increases were taken back. Meanwhile, the capital gains tax threshold was frozen.

However the bad news didn't stop here...