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Will Hutton expressed growing concern about the recent budget, despite positive news on the £20 billion allocated for the National Wealth Fund and measures involving BBB. Hutton also welcomed the decision to devolve tax revenues but worried that some tax decisions and cuts have only been deferred, suggesting potential trouble ahead.
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Earlier this year, Will Hutton drew attention to the IMF's assessment that the UK is the world's third largest innovation economy, with growth surpassing forecasts in his article UK holds third position for innovation economy, Will Hutton notes. The report highlighted resilience in the UK's economic outlook. These observations provide context for Hutton's latest comments on fiscal policy.