George Osborne warns UK economy faces 'cocktail of threats'
by Larry Elliott from on (#ZW6X)
Chancellor to urge Britain to address its 'creeping complacency', after new year already hit by oil price and markets turmoil
George Osborne has warned of the risks to the UK from the shaky global economy, saying 2016 has opened with a "dangerous cocktail of new threats".
The chancellor was using a speech in Cardiff to say that the turmoil in financial markets that saw 5% wiped off oil prices on Wednesday should act as an antidote to the "creeping complacency" that Britain is immune from what is happening in the global economy.
Related: George Osborne has tied a knot of fear and optimism - but is it unravelling? | Polly Toynbee
Continue reading...