The Chancellor's family firm is finding times hard. It has just announced a loss for a third year in a row. The firm has responded by cutting staff, increasing borrowings, and maintaining directors' remuneration.
As George Osborne said, "It's been a part of my family for the whole of my life. I was always aware as a child when things were going well and when things weren't going so well, so it's given me a strong understanding of what's involved in running a business – the risks, the hard work and the commitment."
