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Commenting on today’s (Thursday) analysis by the Institute for Fiscal Studies (IFS) of the Autumn Statement and the forecasts by the Office for Budgetary Responsibility, TUC General Secretary Frances O’Grady said:

“Buried beneath the Chancellor’s headline giveaways was a dire report on the state of the economy and the public finances.

4 December 2014

Commenting on today’s (Thursday) analysis by the Institute for Fiscal Studies (IFS) of the Autumn Statement and the forecasts by the Office for Budgetary Responsibility, TUC General Secretary Frances O’Grady said:

“Buried beneath the Chancellor’s headline giveaways was a dire report on the state of the economy and the public finances.

“The IFS report lays bare the truth – the deficit is still here because the government failed on growth and wages.

“The Chancellor now wants us all to pay the price for his failure by cutting public services down to a stump with the loss of a million jobs.”

NOTES TO EDITORS:

- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews

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