Earlier today, Chancellor George Osborne opened the Autumn Statement claiming that, although it is taking time, the “British economy is healing”. This comment was met with laughs of derision from the opposition benches. Indeed, it seems that Mr Osborne was attempting to open on a light note in order to lighten some bad news – namely that economic growth for this year is predicted to be -0.1% in 2012, down from 0.8% as predicted in the Budget earlier this year. But how will this news affect…

After several years of the Eurozone crisis dominating currency news, there have been many who have been asking a crucial question: Is Europe through the eye of the storm, or is there worse to come? In Britain, more than a few people were becoming incredibly concerned this time last year, as the exchange rate on sterling to euro was stuck at 1:1.10. Some corners of the media suggested that sterling might even regress to a 1:1 rate against the European currency. But after one well-timed speech…