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110 measures
Chancellor Jeremy Hunt announced 110 growth measures in the Autumn Statement last week. While most of them will be relatively inconsequential, there are several measures that will affect both workers and employers.
The government introduced several tax cuts – by some measure the largest tax cuts in modern history – together with various supply-side reforms. Some of the policies will have a positive, albeit modest, effect on economic growth and labor supply in the coming years.
That being said, the government is also relying heavily on money illusion – people’s bias to think in nominal rather than
