World

UK's troubled austerity drive

It is early days for the UK's austerity drive and it is not going well. UK chancellor George Osborne has had to downgrade growth forecasts well into the future in his Autumn Statement. Chris Giles, economics editor, Jonathan Guthrie, city editor and Jonathan Eley, personal finance editor, discuss with Seb Morton-Clark what the chancellor is doing for the economy, business and Britons to get his recovery plan on track.