IFS: Govt's books improved more by cuts than tax rises

The Institute for Fiscal Studies (IFS) has presented its analysis of Chancellor George Osborne's Autumn Statement.

ITV News economics editor Richard Edgar reports:

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Institute for Fiscal Studies presenting forensic analysis of the Autumn Statement. Govt's books improved more by cuts than higher tax income

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Ifs - Broader public spending falling 20% by 2019 if chancellor keeps to current plans - eye watering cuts!

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Fuel duty freezes are costing the govt £6billion a year - very significant at a time of cuts, says IFS

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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".