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The British people ‘just got a lot poorer’, says IFS thinktank

UK has scored ‘a series of economic own goals’, Institute for Fiscal Studies says after autumn statement

The British people “just got a lot poorer” after a series of “economic own goals” that have made a recovery much harder than it might have been, a leading thinktank has said.

  • Anna Isaac
  • The Guardian

In his verdict on the chancellor’s autumn statement, Paul Johnson, the director of the Institute for Fiscal Studies (IFS), said the government was “reaping the costs of a long-term failure to grow the economy”, along with an ageing population and high levels of historic borrowing.

Effects of deep spending cuts won’t be felt until after the next election…

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