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The chancellor linked tough decisions "in coming months" to global headwinds and OBR productivity reassessment.
The chancellor says choices have been made "harder" by international events and the "long-term damage" done to the economy.
The president believes the American film-making industry has been "stolen" by other countries.
It's understood that production will resume at the Wolverhampton engine facility on 6 October.
Modella Capital has agreed to purchase "substantially most" of Claire's UK.