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Economists Don’t Think Government Can Deliver Big Enough Spending Cuts To Calm Markets

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Economists Don't Think Government Can Deliver Big Enough Spending Cuts To Calm Markets

Chancellor Kwasi Kwarteng will set out his medium term plans to bring down government borrowing in a statement on November 23 (Alamy)

Alain Tolhurst

4 min read

Economists have warned there is a “credibility gap” between government and markets on the scale of “efficiency savings” ministers will be able to deliver to pay for tax cuts announced in Kwasi Kwarteng’s “mini-Budget”.

According to the Institute for Fiscal Studies…

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