Jeremy Hunt painted a dejected describe of recession and falling residing standards as he launched a 55 billion aggregate of tax rises and spending cuts to stabilise the final public funds.
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The authorities’s self sustaining forecaster, the Attach of business for Funds Responsibility, says that disposable family incomes will descend by 7% over the subsequent two years, the preferrred descend in residing standards on legend.
Many of the spending cuts are delayed for 2 years until after the subsequent total election.
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