l IS the Chancellor of the Exchequer, George Osborne, who this week announced his budget which showed that the British economy is still in deep trouble despite his austerity drive. Osborne said that the economy would grow by just 0.6 percent this year, instead of the 1.2 percent he had initially forecast. Borrowing remains high and the Chancellor was unable to splash the cash because there is simply no money available. Osborne came under fire from the Labour Party who accused him of being a “downgraded” Chancellor in reference to the fact that Britain has lost its coveted triple AAA debt rating. Not a bad budget but still plenty of room for improvement.