On Wednesday George Osborne will make his final Autumn Statement before the general election; an event that could be overshadowed by new bleak fiscal forecasts from the Office for Budget Responsibility.
Borrowing is also expected to be revised upwards by the OBR, with the cumulative deficit expected to reach nearly £280bn by the end of the decade – £75bn more than expected.
Other pressures on the public finances include a slowing housing market – likely to cut the £12.7bn in stamp duty takings previously forecast by the watchdog. While Mr Osborne will still be able to claim that the government is on track to eliminate the structural deficit by 2018, it gives him much less opportunity for pre-election giveaways.
Ahead of Wednesday, here are six charts George Osborne won't want you to see.
Public sector borrowing
The government will have to borrow as much as £75bn more than it intended to over the next five years to make up for collapsing revenues from oil sales, stamp duty and income tax, Osborne will have to admit this week.
Public sector debt
In his first Budget, shortly after the election in 2010, Osborne said he would ensure debt was falling as a percentage of GDP by 2015-16.
The rising cost of living...
...While this has happened to people on low incomes
Actual earnings growth vs the OBR's predictions of earnings growth
As the TUC notes, if earnings growth between 2010/11 and 2014/15 had been in line with the OBR’s forecast during the June 2010 Budget, the Treasury would have made £175.6bn in income tax receipts in 2014/15 - £17.1bn higher than the estimated figure.
Yesterday George Osborne announce the government will put an extra £2bn into frontline NHS services - but a third of the government’s extra investment in the NHS will be money that has already been allocated to the Department of Health.
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