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The National (Scotland)
The National (Scotland)
National
Steph Brawn

Chancellor confirms Austerity 2.0 with major spending cuts coming

Jeremy Hunt Economy

THE Chancellor has confirmed the public sector will be forced into major spending cuts as part of his plans to stabilise the economy.

Jeremy Hunt said “all departments will need to redouble their efforts to find savings and some areas of spending will need to be cut”.

He also announced the current energy price guarantee will only last until April with a Treasury-led review to be launched on how the government provides support beyond this.

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