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Clegg: Osborne's spending cuts plan a 'monumental mistake'

Benefits for young people are to be targeted by the Chancellor as he seeks to cut £25bn from public spending, including £12bn from welfare. But Nick Clegg said it was a "monumental mistake" to make the working-age poor bear the brunt of the cuts.

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Osborne: 'We are now back in control of our destiny'

George Osborne gives a speech on the economy during his visit to manufacturing company Sertec in Birmingham. Credit: ITV News

Britain is "back in control of its destiny," Chancellor George Osborne said in a speech at a car parts manufacturing firm in Birmingham.

"The rest of the world sees that Britain is a country where we’re now back in control of our destiny, a country where we’re supporting business, that jobs – like the ones here today - are being created across our country," he said.

"But if our country is badly run, if the finances are in a mess, and costs go up, and businesses don’t feel welcome, then jobs would quickly disappear from Britain again."

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