UK facing ‘grim economic outlook’ as Jeremy Hunt warned against excessive austerity – business live
by Graeme Wearden from on (#65XSR)
Investors and economists warns that markets want to see growth plans as well as fiscal responsibility
Jo Michell, associate professor in economics at Bristol Business School, detects that the excuse for fresh austerity seems to have shifted.
The Treasury have released a video to set the scene for the autumn statement, involving several cabinet members.
Today we are having to take some difficult decisions to restore stability, bring inflation down and balance the nation's books.
So this is our plan to build a stronger economy, protect public services and make sure we look after our most vulnerable."
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