George Osborne
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Osborne rules out 'miracle cure' in Autumn Statement

The Chancellor, George Osborne, will warn there are no "miracle cures" for the UK economy when he presents his autumn statement today.

He is set to announce more spending cuts and further tax rises, in what has become a mini-budget.

He has already admitted that cutting the deficit is taking longer than planned.

The BBC's political correspondent Vicki Young reports.