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The Chancellor of the Exchequer Jeremy Hunt has announced his Autumn Statement in the House of Commons, aiming to restore stability to the economy, protect public services and build long-term prosperity for the United Kingdom.
He confirmed that the UK was now in recession as he unveiled tax rises and spending cuts worth billions of pounds.
Here we have a summary of the key points
Tax and wages
The Chancellor said: 'There is a global energy crisis, a global inflation crisis and a global economic crisis. But today with this plan for stability, growth and public services, we will face into the storm. Because of the difficult decisions we take in our plan, we strengthen our public finances, bring down inflation and protect jobs.'
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