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Prime Minister David Cameron will warn that the UK is facing an "hour of reckoning", in his big speech to the Conservative Party conference.

The Conservatives' week in Birmingham has been overshadowed by further bad news on the economy, as the International Monetary Fund downgraded its growth forecasts.

But the party leadership have attempted to contrast their approach - by being upfront about £10bn further welfare cuts and the need to increase taxes on the most wealthy ...

This may cause the millionaires from France and Russia to look elsewhere.

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