Jeremy Hunt's autumn statement is a poisoned chalice for whoever wins the next election

By Steve Schifferes, Honorary Research Fellow, City Political Economy Research Centre, City, University of London

UK Chancellor Jeremy Hunt has produced a highly political autumn statement that throws forward major cuts in public spending to after the next general election. The accompanying economic forecast by the government’s Office for Budget Responsibility (OBR) confirms that the country is facing a recession, with unemployment rising, inflation still high, and the average person’s standard of living dropping by 7% – wiping out…

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