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the chancellor says we've turned a corner, but is the uk now in a cul—de—sac? i now call the chancellor to make the autumn statement, jeremy hunt. jeremy hunt trumpets a two percentage point cut in national insurance, and an almost 2% rise in the living wage, but the uk tax burden is still the heaviest since world war ii, and growth forecasts are down, so will the cost of living crisis still be a cost of living crisis next year and the year after? nick's been out gauging reaction injeremy hunt's patch. ijust i just worry that this is a government that is running out of good idea...

jury's hand. what they tell us about the deliberations. we begin this evening with what you might call the facebook hangover. after the hype and buildup after the initial offering of stock, trading started late, price didn't sky rock and facebook closed essentially flat, just $0.23 higher than the opening. at least facebook was up. dow industrials, nasdaq, s&p 500 closed out their worst week of the year. discuss with business correspondent ali velshi. let's start with facebook. what happened? >> generally you set a price for a stock, $38 in this case that is posed to create enough ...

wanted to scale it back, handing president obama a very big opening politically. >> now is not the time to double your interest rates on student loans. michelle and i, we've been in your shoes. we only finished paying off our student loans about eight years ago. americans now own more on their student loans than they do on their credit cards. student loans. student loans. student loans. let's give those student loans directly to students. can i get an amen? >> yeah! >> that as a campaign drum beat, mitt romney quickly said he fully supports extending the loan program and house republ...

president obama a very big opening politically. >> now is not the time to double your interest rates on student loans. michelle and i, we've been in your shoes. we only finished paying off our student loans about eight years ago. americans now owe more on their student loans than they do on their credit cards. student loans. student loans. student loans. let's give those student loans directly to students. can i get an amen? >> amen! >> that as a campaign drum beat, mitt romney quickly said he fully supports extending the loan program and house republicans got on board. but the bill ...

wanted to scale it back, handing president obama a very big opening politically. >> now is not the time to double your interest rates on student loans. michelle and i, we've been in your shoes. we only finished paying off our student loans about eight years ago. americans now owe more on their student loans than they do on their credit cards. student loans. student loans. student loans. let's give those student loans directly to students. can i get an amen? >> amen! >> that as a campaign drum beat, mitt romney quickly said he fully supports extending the loan program and house republ...