Ben Morris
Business Reporter

Well that's it. We hope you have enjoyed our coverage of the Autumn Statement 2014. There's bound to be more fallout tomorrow, so check in with the Business Live page from 06:00 on Thursday.

The newspaper columnists are in agreement, the Chancellor has managed to present terrible news as a triumph. Ann Treneman of the Times, Fraser Nelson of the Spectator and Kevin Maguire of the Daily Mirror are agreed. "The numbers are terrible," says Mr Nelson.

Robert Peston
Economics editor

"How robust is government's claim that still on course to eliminate deficit thanks to lower interest & cut inflation?"

BBC Radio 4

BBC Radio 4's Money Box presenter, Paul Lewis, tells the PM programme: "Anyone buying home for less than £937,500 (and £1m-£1.125m) will pay less or same tax as now. Maybe saving £2000-4000 on average. At the top end you'll pay a huge amount more."

Abi tweets, external: Finally a policy I like. Loans for postgrad study! #victoryforstudents #AutumnStatement

Robert Peston
Economics editor

"It is altogether plausible that wages could rise faster than the OBR expects, as could inflation and interest rates. In which case all its fiscal forecasts would be for the birds."

BBC Radio 4

The head of the OBR is now on the PM programme. Eddie Mair asks Robert Chote, has the deficit halved? "We would tend to look at these things as a share of GDP and it has moved from 10% of GDP in 2009-10 and that has now roughly halved." So there you have it.

Anthony Reuben
Head of Statistics, BBC News

"OBR warns public spending heading to 80-year low"

BBC News Channel

We are "halfway through a ten year fiscal repair job," says Robert Chote, chairman of the Office for Budget Responsibility on the BBC News Channel. The next parliament will see a "very sharp squeeze" on spending, he predicts. He adds that we have seen 40% of the necessary cuts in this parliament and the next 60% would come under the next parliament.

John Alcock from Weston Super Mare emails: How exactly are the government calling the stamp duty a cut for 98% of people? They've DOUBLED the stamp duty cost for the AVERAGE home!! They haven't changed any of the thresholds either? I'm currently looking to buy a house for £175,000, now my stamp duty cost has gone from £1750 to £3500!! Thanks for that CUT in stamp duty!!

BBC Radio 4

Mr Umunna goes on to tell the PM programme: "People are £1,600 a year worse off than they were in 2010. The reason the chancellor hasn't met his target for the deficit is because people haven't had a pay rise and that's meant lower tax receipts. You've got to do something about people's wages."

BBC Radio 4

Chuka Umunna, the shadow business secretary, tells the PM programme Labour backs the stamp duty changes, they're studying the air passenger duty change that exempts under-12s from the tax when flying abroad, but it looks like a welcome measure and he thinks the 25% tax being introduced on offshore profits is a good idea.

Chris Smith emails: "I'm livid! Two weeks ago I purchased my first house house for £265k and paid £8k tax. If I had completed two weeks later I would have paid over £4k less. Do I get a refund?!!! Probably not."

BBC News Channel

On the BBC News channel, Huw Edwards asks where big cuts to government spending are going to come from. Neither guest is specific. Treasury City Minister Andrea Leadsom says the government has "credible plans" and growth and existing measures will help reduce the deficit. Labour's shadow work and pensions secretary, Rachel Reeves, says Labour would eradicate the deficit by the end of the next Parliament and review all spending.

BBC Radio 4

Danny Alexander, chief secretary to the Treasury, tells the PM programme: "I strongly support the stamp duty reforms. It's been Liberal Democrat policy for years. It will mean less financial pressure on people buying homes. People buying an average home would pay £4,000 less under this system. But we still want to bring in a mansion tax."

Geoff Hendry emails: "What about people buying on shared ownership. My daughter has recently bought a 50% share for £200,000 and paid Stamp Duty at 1%. Under the old system if/when she buys the remainder she would have to pay Stamp Duty on the remaining value of the property at that time thus at current prices. Under the new system, buying the property would cost 2% x £125,000 + 5% x £150,000 = £10,000 thus £2000 cheaper but since she has already paid at the earlier (higher) rate which would apply in future?"

Louise Cooper
CooperCity blog

Image source, PA

"The reason why Osborne is predicting a budget surplus in 2018/19 - a year earlier than the city had expected - is because he is assuming borrowing costs will be lower. What he is doing is cutting his forecasts for gilt yields - market determined interest rates. But no one knows what the UK government will have to pay to borrow in five years time. No one!!!!! It is at best a guess and yet it is only thanks to this guess that borrowing is looking better than had been feared."

Bob Holloway emails: Does Ed Balls think that people in this country do not have a memory. Very hypocritical comments about the "Balancing of the books is in tatters". Oh yes, it's Labour who forget this country was in a hell of a mess five years ago.

David Rigby tweets, external: How many times have we heard govt claiming it has closed stamp duty loopholes? #AutumnStatement #ukhousing

Marc Gourley emails: Terrible news!! I've just completed on my first house and to find out that if I had waited until tomorrow, Stamp duty would have been £5,899 instead of what I paid.... £12,598!!! Is there any form of sensible rebate???