FTSE 100 Live 17 November: Chancellor Jeremy Hunt unveils plan to restore public finances

FTSE 100 Live 17 November: Chancellor Jeremy Hunt unveils plan to restore public finances

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Big cuts and tax increases will be unveiled today by Jeremy Hunt as the Chancellor tries to restore British economic credibility.

His fall statement will include figures from the Office for Budget Responsibility showing the size of the public finance black hole.

The pound has improved to around $1.19 since the government scrapped most of the September mini-budget and the dollar has weakened on hopes that US rate hikes are nearing their peak.

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