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Jeremy Hunt painted a dark image of recession and falling dwelling requirements as he introduced a £55 billion mixture of tax rises and spending cuts to stabilise the general public funds.
The federal government’s unbiased forecaster, the Workplace for Price range Accountability, says that disposable family incomes will fall by 7% over the subsequent two years, the most important drop in dwelling requirements on document.
A lot of the spending cuts are delayed for 2 years till after the subsequent common election.
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