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Insider UK
Insider UK
Peter A Walker

Chancellor confirms £55 billion fiscal 'consolidation'

Chancellor Jeremy Hunt has delivered what he called a “balanced path to stability” which involves “taking difficult decisions”.

As part of his Autumn Statement, he told MPs: “Anyone who says there are easy answers is not being straight with the British people: some argue for spending cuts, but that would not be compatible with high-quality public services.

“Others say savings should be found by increasing taxes, but Conservatives know that high tax economies damage enterprise and erode freedom.

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