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The Independent UK
The Independent UK
National
Lamiat Sabin

Jeremy Hunt plans £35bn spending cut amid recession warning OLD

Jeremy Hunt Recession Bank of England ​​Rishi Sunak Andrew Bailey
AFP via Getty Images

Jeremy Hunt will detail spending cuts totalling at least £35 billion in his autumn statement later this month, according to a report.

The chancellor is also expected to announce tax rises totalling at least £25bn in his statement on 17 November, which was pushed back from its original date of 31 October.

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