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UK chancellor says lowering cost of borrowing would be crucial moment in shifting country’s economic mood

Decision will come as blow to health secretary, who had been pressing for extra funding

Labour claims policy is an irresponsible and unfunded tax reduction

Chancellor to pledge minimum wage rise and benefit sanctions amid escalating conference row

Deteriorating forecasts pose challenge for UK chancellor as Tory MPs seek tax cuts to improve election prospects

Households living near pylons and substations will be offered compensation as part of Autumn Statement