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Tough Economic Outlook To Dominate Politics After Autumn Statement

UK

Chancellor of the Exchequer Jeremy Hunt’s Autumn Statement, delivered earlier today in the House of Commons, contained – as expected – a sizeable number of revenue raising measures as well as announcements on efforts to contain government spending. Politically, the government of Prime Minister Rishi Sunak is treading a fine line in attempting to boost market confidence in UK finances while Office for Budget Responsibility forecasts project an unprecedented decline in household disposable incomes.

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