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The Chancellor's Autumn Statement November 2011

In the run up to the Chancellor’s Autumn Statement, there was fierce speculation about whether
the Government would waiver from its stated budget deficit reduction plan. Sluggish economic
growth, high unemployment and suggestions that the Government would fall short of meeting its
target to reduce the budget deficit all pointed to a need for a much more interventionist growth
strategy. But if the Government is to stick to Plan A in terms of deficit reduction, how will it do this?
In the days running up to the publication of the statement and the OBR report, numerous
Government announcements trailed what might appear. Many of them were confirmed today, and
the focus remains firmly on deficit reduction, but with a redistribution of funds at the margins.