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UK credit rating 'at risk'

The credit rating agency Fitch has warned that the Chancellor's confession during the Autumn Statement that he missed its debt target could threaten the UK's AAA rating. But George Osborne has downplayed the impact potential if that happened.

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Papers react to Osborne's Autumn Statement

The front pages of the Daily Telegraph and the I

The Telegraph says Britain is on the "long, hard road to recovery" and that middle-class workers and wealthy savers would hit be the hardest by the Chancellor's plans.

The I reports there will be "more pain" as the Government plans a further £10 billion in spending cuts and admits there is no end to the austerity in sight for another six years.

The front pages of the Independent and Daily Express

The Independent claims the Chancellor has "run out of tricks" to fix the economy and that all sections of society will feel the squeeze.

The Daily Express reports that Mr Osborne has "backed strivers" by boosting pensions and squeezing benefits.

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