Hunt: “We are in a recession” and there will be ‘tax rises and spending cuts’ to “pay our way”

Hunt: “We are in a recession” and there will be ‘tax rises and spending cuts’ to “pay our way”

Chancellor Jeremy Hunt has today stated that we are in a recession and to “pay our way” there will be spending cuts and a hike in taxes. Mr Hunt continued to say that the plan will enable the recession to be short and shallow and help the government get through the current financial difficulty. 

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