Shorter statement: “I’ve failed, but here’s some small presents for business & mail readers, and what would you do, spend more on welfare?”

Osborne: For every job lost in the public sector that two jobs are created in private sector << which then is more efficient? #as2012

City AM: We’re facing a triple dip recession. Osborne: Britain is heading in the right direction #as2012

OBR and ONS are about as trustworthy as soviet statisticians under Andropov #as2012 #autumnstatement

Osborne translated: We are failing with our current plans so we will keep following them for a longer period of time #as2012 << madness

Osborne: “They think by borrowing more, they can borrow less…We are not taking that road to ruin.” #as2012 << Tories can find other roads.

First big surprise. National pay bargaining for teachers sounds like it’s on the way out

Osborne is extending the northern line to the new US embassy (Battersea) and Tory bastion (Wandsworth). #as2012

Osborne: I’m giving more money for free school and academies #as2012 #bbceconomy << to break national teaching union and bargaining

Osborne: Those with the most should contribute the most << as long as they are not a US based corporation or got a decent accountant #as2012

Osborne 2011: ‘PFI was a stupid idea. Osborne 2012: ‘Let’s have more PFI’ #as2012 #autumnstatement

Osborne translated: We punish the poor with destitution and slap the wrists of tax avoiders. We’re all in this together. #as2012 #bbceconomy

Out of work benefits won’t keep up w/ inflation. Osborne is helping the unemployed with race to the bottom. Winner starves to death. #as2012

Woah: THREE years of real term cuts to benefits, JSA, tax credits, housing benefit. Except disability/ old. #as2012

£3.7bn per annum from real cuts in benefit payments. Some will contrast that with £1bn pensions raid on high earners #bbceconomy

#as2012 So the poor will pay off debts – like the new liability of £70bn – incurred by London super rich bankers/financiers…

It doesn’t always pay to work! #autumnstatement See jrf.org.uk/media-centre/low…

Benefits for jobseekers & jobless to rise in line with wages NOT frozen as Tories wanted. #autumnstatement #LibDemWin

LOL at #LibDemWin ie we cut benefits at a smaller rate than Tories wanted! << YOU ARE STILL DESTROYING LIVES JUST AT A SLOWER RATE! #as2012

So even if inflation goes up by 3 or 5 %, as is plausible… in work benefits and credits are capped at 1% for three years #as2012

Breaking link between out of work benefits and CPI is a complete disaster. Will fuck a lot of people.

Big cheers for cancelling 3p rise on fuel duty. Meanwhile people are walking miles to food banks to prevent starvation: metro.co.uk/2012/12/05/desp…

“We’re helping those who want to work hard and get on” << by capping working benefits at 1%? #as2012 #bbceconomy

Cap on tax credits will wipe out raise in personal tax allowance for many. thief. #as2012

If I was Ed Balls (shadow Chancellor, rather than Mr Y Cooper), I’d say everything Osborne said and after each one, shout “BULLSHIT”.

Take home point from #AS2012 is that the Treasury’s own analysis shows the bottom 30% losing *double* what the top 30% lose.