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Chancellor George Osborne will tell MPs there is "no miracle cure" to the UK's economic problems when he delivers his Autumn Statement.
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Mr Osborne makes his statement to MPs against a gloomier economic background than forecast in March's Budget.
He will say the coalition are "confronting the country's problems" and insist he is not ducking the "hard work" of reducing the deficit.
Labour has called the government's economic policy "a terrible failure".
The chancellor will set out the state of the UK economy and his deficit-cutting programme from 12:30 GMT.
He is expected to say: "In this Autumn Statement, we show that this coalition government is confronting the country's problems, instead of ducking them.
"The public know that there are no miracle cures. Just the hard work of dealing with our deficit and ensuring Britain wins the global race."
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http://www.bbc.co.uk/news/uk-politics-20600442
UK will cope with this, I am convinced.
Note: 5 December 2012 Last updated at 03:51 GMT