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BBCNEWS Outside Source June 4, 2024 19:32:00

Overall this year, the economy still forecast to grow by 4.2%. gdp then falls in 2023 by 1.4%, before rising by 1.3%, 2.6% and 2.7% in the following three years. well, many are calling the chancellor s package a return to austerity. but is that the case? austerity is adopted by governments to try to balance the books if it s been running a budget deficit, or overdraft, where it s having to borrow money to fund public spending. it was pursued back in 2010 in the aftermath of the financial crisis. david cameron was prime minister at the time. austerity then meant deep spending cuts and tax hikes. the man in charge of that was the then finance minister george osborne. people know that there are no quick fixes to these problems, but they want to know that we are making progress, and the message from today s autumn statement is that we are making progress. ....

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BBCNEWS Outside Source June 4, 2024 20:09:00

The uk and the eu. i was also asking professor stephen the uk and the eu. i was also asking professor stephen millard, - the uk and the eu. i was also asking professor stephen millard, the - professor stephen millard, the deputy director of the national institute of economic and social research is whether this autumn statement does indeed represent a return to austerity. it’s statement does indeed represent a return to austerity. return to austerity. it s not going to be initially return to austerity. it s not going to be initially austerity return to austerity. it s not going to be initially austerity 2.0, - to be initially austerity 2.0, because the chancellor has actually increased support for poorer households through the energy price guarantee, the operating benefits as of april. but then from 2024 onwards public spending is going to be cut and it is going to be noticeable that a lot of government services are going to be reduced and at the same time government investment ....

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BBCNEWS Outside Source June 4, 2024 20:01:00

Taxes. chancellor has deployed stealth taxes, taking billions of pounds from taxes, taking billions of pounds from ordinary working people. we will from ordinary working people. we. will -et from ordinary working people. will get full from ordinary working people. - will get full analysis and assess whether the altman statement represents a return to austerity. also coming up. the speaker of the us has a representative announces she is stepping down from leading the democrats a day after the republicans score a narrow majority. a dutch court finds a three man guilty of shooting down a passenger plane over eastern ukraine in 2014 killing almost 300 people. the uk s chancellor has outlined his plans to tackle the cost of living crisis and restore economic credibility two months since his predecessor s disastrous mini budget. millions of people will pay more in tax and on their energy ....

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BBCNEWS Outside Source June 4, 2024 19:46:00

Glasgow. the chancellor jeremy hunt glasgow. the chancellorjeremy hunt says his decision to increase public spending on health and education in england means there will be an extra £1.5 billion available for the scottish government s budget over two years, although the first minister nicola sturgeon says that money is being swallowed up by inflation and she accuses the conservatives of re imposing austerity. it will be up to the acting finance secretaryjohn swinney to decide how to spend the money he does have and that will happen next month. he will also have to decide whether or not to replicate some of the big tax changes in mr hunt s statement. tithe changes in mr hunt s statement. one ofthe changes in mr hunt s statement. one of the problems changes in mr hunt s statement. que: of the problems facing northern ireland at the moment is there is a big black hole in public finances. some £660 million has been overspent on public services due to the cost of so many things going up. ....

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BBCNEWS Outside Source June 4, 2024 20:08:00

We know post covid 19 situation, is there anything else that makes the uk difference to those other countries? uk difference to those other countries? , , , ., countries? it s partly the elephant in the room. countries? it s partly the elephant in the room, that countries? it s partly the elephant in the room, that nobody - countries? it s partly the elephant in the room, that nobody seems l countries? it s partly the elephant| in the room, that nobody seems to want in the room, that nobody seems to want to in the room, that nobody seems to want to talk in the room, that nobody seems to want to talk about, and that is a brexit. want to talk about, and that is a brexit, because clearly it is presented in the uk with a major economic presented in the uk with a major economic headwinds, just in the last couple economic headwinds, just in the last couple of economic headwinds, just in the last couple of days a former senior member couple of days a former senior member of t ....

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