The chancellor said there would be a “shallower recession” as a result of his measures, but also revealed the Office for Budget Responsibility believed the economy was now in recession. The OBR predicted the British economy would contract by 1.4 percent next year, Hunt said, and that inflation would be 9.1 percent this year and 7.4 percent next year. Here’s a roundup of the winners and losers from the fall statement. Claiming benefitsBenefit claimants will receive an extra £500 a year after it was announced benefits would rise by 10.1 per cent in April. There he had
