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UK Autumn Statement: Jeremy Hunt to unveil spending cuts and tax rises
Chancellor Jeremy Hunt will pledge to face into the economic "storm", as he is expected to confirm widespread spending cuts and tax rises. He will say "difficult decisions" are needed to tackle soaring prices and limit mortgage costs. But he faces a potential backlash from some Tory MPs who oppose big tax hikes. The BBC understands the state pension and benefits will rise with prices. Energy support is likely to continue beyond April but will be less generous. Labour said the country was "being held back by 12 years of Tory economic failure and wasted opportunities", with working people "paying the price". ... (full story)