Well, it didn't take long for those on both sides of the Brexit decision to start arguing over the forecasts for UK GDP, debt and borrowing for the next few years.

It is, though, rather like crew members on Boris Johnson's Titanic arguing over where the deck chairs should go. The uncertainty over what a post Brexit UK will look like economically is real - because as yet our government has not set out its plan as to what the UK wants, and what our current European partners will agree to.

In the meantime (literally 'mean' - time) we see modest growth in spending in yesterday's Autumn Statement. And what increases there are come late in the economic cycle to 2020 (£1.5bn of the extra £2bn on research spending comes in the last year of forecasts).

The Autumn Statement could have done more to help those genuinely in a JAM situation. My firm has long argued for tax simplification and one way this could have been achieved would have been to align the starting point for National Insurance with that for tax. Absurd to argue that you take 4 million out of tax when ignoring the impact of NIC.  That - rather than a modest increase in the living wage or a slower withdrawal of in work benefits - might at least have brought a bit of Xmas cheer to those hard pressed.