Osborne: Growth figures 'significantly up'

George Osborne has delivering his latest assessment of the state of the economy in the Autumn Statement, announcing that growth forecasts for the upcoming years are "significantly up".

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Statement a 'sobering reminder' about deficit

The Chancellor's Autumn Statement won the support from the Federation of Small Businesses.

Today's Autumn Statement represents steady progress, with a range of announcements that address members' concerns in the cost of doing business, with action on business rates and confirmation that next year's fuel duty rise will be cancelled.

The statement is a sobering reminder about the scale of the deficit the country faces and the tough choices which need to be made.

We therefore welcome the use of what spare resources the Chancellor could find to focus tax cuts on encouraging firms to take on younger workers, which must be an overriding priority.

– John Allan, chairman of the Federation of Small Businesses

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