Summary

  • Government borrowing to be £122bn higher: OBR

  • Growth forecasts cut for 2017 and 2018

  • Employee perks targeted; fuel duty frozen; letting-fees ban

  • £23bn infrastructure fund announced

  • McDonnell: Chancellor's spending plans 'offer no hope'

Live Reporting

Dearbail Jordan

  1. Autumn Statement: The numbers to watch

    When the chancellor presents his Autumn Statement on Wednesday, close attention will be paid to his economic forecasts.

    The BBC's economics editor Kamal Ahmed explains what to look for and why.

  2. Good morning

    Chancellor of the Exchequer Philip Hammond will present his first Autumn Statement to Parliament today.

    Mr Hammond has already said he will scrap predecessor George Osborne’s goal of a fiscal surplus by 2020, and will be laying out new targets.

    Some key issues to look out for include:

    • Growth and inflation forecasts in the wake of the Brexit vote
    • Infrastructure announcements
    • NHS/Social care help
    • Tax free allowance rise being brought forward
    • Any changes to maximum tax free pension contributions
    • Any cut in fuel duty, which has been frozen for six years
    • Any cut in air passenger duty