Chancellor Hunt will give his Autumn Statement (Budget) in the next few minutes. In it he will tell us we are to "face into the storm", and outline spending cuts and tax rises that will amount to around £54BN.
There is a catch, many of these cuts/rises are set to come about over a five year period. The next election will be held within two years; as such, many of these cuts/tax rises may well never see the light of day!
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