Five things you need to know about the Autumn Statement

1. Economy Ignore the growth forecasts (revised upwards to 2.4% next year), the important bits of information are: By 2019 the Government will start paying off debt – that is reducing the debt as a share of GDP. Right now, the focus is on reducing the amount we are borrowing. By 2019 we will be able to start paying back that borrowing, which is estimated to be 80% of our GDP. Unemployment is expected to fall to 7% by 2015. Why is this important? The Bank of England has suggested that when unemployment reaches 7% it may raise interest rates,

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