Five main points from the chancellor’s Autumn Statement

Jeremy Hunt announces his plans for the economy while admitting the UK is in a recession

 Jeremy Hunt leaves Downing Street to present the Autumn Statement
Jeremy Hunt leaves Downing Street to present the Autumn Statement
(Image credit: Dan Kitwood/Getty Images)

Jeremy Hunt has delivered his Autumn Statement in the House of Commons, promising to restore market confidence in the UK economy while committing to deep spending cuts.

The chancellor claimed his “plan for stability” will save £55bn, and it includes both tax rises and cuts to public spending. However, Hunt admitted that the UK was already in recession.

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