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Autumn Statement LIVE: Tax rises and spending cuts

  • Chancellor Jeremy Hunt will promise a plan to weather an economic “storm”
  • He risks a backlash by unveiling a £54 billion package of tax hikes and spending cuts
  • Plan for a “balanced path to stability” as he tackles the “enemy” of inflation, which has soared to a 41-year high
  • “Difficult decisions” are necessary to keep mortgage rates low and tackle the rocketing energy and food prices
  • £30 billion of spending cuts and £24 billion in tax rises over five years

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