Autumn Statement: Who do spending cuts hit the most?
Ahead of the Autumn Statement, what do the 2010 austerity cuts tell us about who was worst affected? …
At the time, Mr Osborne said the consequence of not trying to reduce the UK’s deficit would be “severe” – he warned of “higher interest rates, more business failures, sharper rises in unemployment”. He promised, while the process might be painful, “we are all in this together”.
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