1. The UK economy is growing more slowly, meaning there is less money around. This means the UK government borrows (slightly) more, and so Osborne will miss a target he set himself.
2. The OBR cut the UK's growth figures because they think we'll be less productive.
3. That's left Osborne needing to find more than £12 billion to keep his promises.
4. ...but George Osborne is spending now and promising that he'll save up later.
5. The government is expecting to save a ~lot~ of money through reduced disability payouts.
6. Freezing fuel duty is popular but expensive.
7. No one knows anything, and so all of this will keep changing.
James Ball is a special correspondent for BuzzFeed News and is based in London. PGP: here
Contact James Ball at James.Ball@buzzfeed.com.
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