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Hunt unveils new spending cuts, tax hikes to fix UK’s economy

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The United Kingdom’s Chancellor of the Exchequer Jeremy Hunt has unveiled an emergency budget, featuring tens of billions in spending cuts and tax increases as the country’s new government seeks to restore the economic credibility and patch up the nation’s battered finances.

Hunt on Thursday delivered the plan for tackling a sputtering economy in a speech to the House of Commons, saying it prioritised “stability, growth and public services”.

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