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What's happening in the Autumn statement?

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andrew leimdorfer
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On Nov 23, 2016
A

Andy

Andy say

What will the Chancellor say today?

B

BBC

BBC say

Apparently hi plans a "boost for homes and wages"

A

Andy

Andy say

Oh. Well that sounds ok.

B

BBC

BBC say

Well, sure, but what's the cost? The Institute for Fiscal studies said:

"the economic numbers are going to get worse - he's going to be borrowing more than he wanted to and he is going to be very uncertain about exactly where we will be in four or five years' time."

A

Andy

Andy say

Gloomy.

B

BBC

BBC say

Well, he's basically borrowing some more now to help the co called JAMs but that borrowing is going to be contributing to the UK's national debt, which stands at £1.6trn - This was described as "eye-wateringly" large.

A

Andy

Andy say

Sounds like i need a bit more detail?

B

BBC

BBC say

There's plenty more on the story here on the BBC website here: http://www.bbc.co.uk/news/uk-politics-38068358

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