The UK government's setting out its plan for stabilising the economy and reducing inflation.
Chancellor Jeremy Hunt's Autumn Statement contains tens of billions of dollars in tax hikes and spending cuts.
The Bank of England's warned the UK is probably already in recession.
Torsten Bell is from the Resolution Foundation - which aims to improve the lives of lower-income households - says it's partly about reassuring financial markets.
IN: 'What the...
OUT: ...cuts.'
DUR: 14 seconds
http://www.fsnradionews.com/feeds/1117statement-bell1.mp3
Chancellor Jeremy Hunt's Autumn Statement contains tens of billions of dollars in tax hikes and spending cuts.
The Bank of England's warned the UK is probably already in recession.
Torsten Bell is from the Resolution Foundation - which aims to improve the lives of lower-income households - says it's partly about reassuring financial markets.
IN: 'What the...
OUT: ...cuts.'
DUR: 14 seconds
http://www.fsnradionews.com/feeds/1117statement-bell1.mp3