Summary

  • Get in touch: bizlivepage@bbc.co.uk

  • Chancellor pledges £13.8bn extra spending next year

  • No government department will be cut next year: Javid

  • Shadow Chancellor: speech was "compendium of meaningless platitudes"

  • £432m funding for DEFRA for "world-leading environmental standards": Javid

  • Javid claims fastest increase in day-to-day spending in 15 years

  • Chancellor pledges £1.5bn for social care

  • McDonnell: statement was "grubby electioneering"

  • Shadow Chancellor: Chancellor "too weak" to do full three-year review

  • Javid promises to increase the Home Office budget by 6.3%

  • McDonnell: austerity has put economy in "bad shape"

  • Chancellor promises first 2,000 extra police officers by March

  • Javid says £3.6bn set aside for new towns fund

  • Shadow Chancellor: not a "real end to austerity"

  • McDonnell: £1.8bn education pledge compares with IFS estimate £3.8bn needed to reverse cuts

  • McDonnell: Education budget slashed £10bn in real terms since 2010

  • Javid: school funding will increase by £7.1bn by 2022-23

  • McDonnell: 160% increase in people sleeping rough and £100m spending gap

  • McDonnell: Government plotting "devastating" no-deal Brexit

  • Javid: 1,000 new diplomats to be added

  • £2.2bn extra funding for the Ministry of Defence, says Javid

  • £200m transform local bus transport: Javid

  • £54m to tackle homelessness : Javid

  • NHS to receive £6.2bn extra says Chancellor

  • Former Deutsche banker Javid: Labour trashed the economy

  • Javid: UK "turning the page" on austerity

  • Infrastructure spending "not good enough" says Chancellor

  1. Bercow interruptspublished at 13:02 British Summer Time 4 September 2019

    John Bercow

    The spearker says that the opening remarks of the chancellor were "out of order"

    He said he has exercised a "degree of latitude" but he says the statement must be focused on the spending round and not remarks that don't relate to that statement. He's talking about Javid's comments on the Brexit delay vote.

  2. 'We are turning the page on austerity'published at 13:00 British Summer Time 4 September 2019

    Javid starts by saying the government is "turning the page on austerity"

    He said he plans to increase day-to-day spending at the fastest rate in 15 years, after speculation that this spending announcement would mark an end of austerity.

  3. 'We are in uncharted waters'published at 12:57 British Summer Time 4 September 2019

    He starts by urging the house not to vote to delay Brexit again , saying: "We are in uncharted waters."

  4. Javid steps up to the despatch boxpublished at 12:56 British Summer Time 4 September 2019

    Javid sits behind Johnson sitting at the despatch box

    Following a rowdy prime minister's questions in which Boris Johnson was grilled on his no-deal Brexit preparations and accused of "bluff and bluster" by Ian Blackford, the SNP's Westminster leader, Chancellor Sajid Javid has stepped up to the despatch box.

  5. What to watch for in the spending announcementpublished at 12:55 British Summer Time 4 September 2019

    As Sajid Javid prepares to stand up in the House of Commons to unveil his spending plans for 2020-21, here are a few things to watch for:

    • Crime: Boris Johnson has promised 20,000 new police officers, which is expected to cost £500m in the next year alone, although the government is yet to say where that money will come from. Will that change when Mr Javid steps up to the despatch box?
    • Taxes: The government has said that it plans to raise the threshold for the top rates of income tax from £40,000 to £80,000. Mr Javid is unlikely to reveal any changes today but it is worth watching for.
    • Brexit: Boris Johnson has already set aside an extra £2bn of Brexit funding, will Mr Javid allocate any more?
  6. Government spending over the past 20 yearspublished at 12:49 British Summer Time 4 September 2019

    Government spending graphic
  7. Dairylea pulls food splat ad amid complaintspublished at 12:33 British Summer Time 4 September 2019

    Dairylea advertImage source, Twitter/Dairylea

    An advert showing a woman who has been hit in the face with food has been pulled over fears it could spark copycat behaviour.

    In a series of Tweets, Dairylea said it "Dareyleas you" to "splat one in a friend's face". One showed a girl aiming what appears to be a cream pie.

    Parents of children with dairy allergies said it was "dangerous", "disgraceful" and "insensitive".

    Mondelez, which owns the brand, said it did not intend to cause offence.

  8. FTSE keeps nose aheadpublished at 12:24 British Summer Time 4 September 2019

    In early afternoon trade the FTSE 100 index of leading shares is just about keeping itself in positive territory.

    Not long after midday it was up 22 points, or 0.30%, at 7290.32.

  9. Green groups call for climate investmentpublished at 12:09 British Summer Time 4 September 2019

    Roger Harrabin
    BBC environment analyst

    IceImage source, Getty Images

    The PM says he wants to make the UK the greenest place in the world. Green groups say that’ll need him to more than double public investment on climate and nature to at least £42bn.

    They say the investment will pay itself back. Insulating homes will cut energy bills, and reduce health costs; cleaner air will cut health costs from air pollution. Nature restoration will reduce flood risk, boost tourism and improve mental health, they say.

    They are aghast at leaks suggesting he plans to reduce the cost of motoring.

  10. Javid previews spending planpublished at 11:59 British Summer Time 4 September 2019

    The chancellor tweeted

    This Twitter post cannot be displayed in your browser. Please enable Javascript or try a different browser.View original content on Twitter
    The BBC is not responsible for the content of external sites.
    Skip twitter post

    Allow Twitter content?

    This article contains content provided by Twitter. We ask for your permission before anything is loaded, as they may be using cookies and other technologies. You may want to read Twitter’s cookie policy, external and privacy policy, external before accepting. To view this content choose ‘accept and continue’.

    The BBC is not responsible for the content of external sites.
    End of twitter post
  11. 'Manufacturing and construction in deep downturns'published at 11:41 British Summer Time 4 September 2019

    Man uses PDQ machine in shopImage source, Gett

    The UK is at risk of entering its first recession since 2008, according to a closely watched survey of industry managers.

    Overall, business output shrank in August, according to the IHS Markit/CIPS UK Purchasing Managers' Index (PMI).

    Meanwhile the services sector, which dwarfs manufacturing and construction, only grew by a sliver.

    IHS Markit said Brexit uncertainty and higher business costs were to blame.

    "After surveys indicated that both manufacturing and construction remained in deep downturns in August, the lack of any meaningful growth in the service sector raises the likelihood that the UK economy is slipping into recession," said chief economist Chris Williamson.

  12. Pound surgespublished at 11:24 British Summer Time 4 September 2019

    Chart showing the pound gaining against the dollar

    The value of the pound was given a boost this morning after Parliament decided to vote on a bill that could postpone Brexit if the UK cannot agree a deal with the EU.

    The pound was 0.9% higher against the dollar and up 0.4% against the euro. So, £1 is now worth almost $1.22 and just less than €1.11 on currency markets.

  13. Judge rejects parliament shutdown legal challengepublished at 11:11 British Summer Time 4 September 2019

    Lord Doherty

    The cross-party group of MPs and peers behind the case say they will appeal against the ruling.

  14. How Zara became the new target of Chinese angerpublished at 10:51 British Summer Time 4 September 2019

    Zara storeImage source, Getty Images

    Spanish retailer Zara has found itself embroiled in controversy in China after some of its stores were closed on a day Hong Kong was expected to see widespread strike action.

    Thousands of Chinese social media are calling for a boycott, accusing the retailer of supporting employees wanting to join the strike.

    The chain has said it was just ensuring its shops weren't understaffed if transport was disrupted.

    But that has done little to stem anger.

    Read more here

  15. Drummond Smith stands down at Arcadiapublished at 10:33 British Summer Time 4 September 2019

    TopshopImage source, Getty Images

    Jamie Drummond Smith has stood down from his role as interim chairman at Sir Philip Green's Arcadia Group. He also served as chairman of Topshop and Topman.

    Arcadia Mr Drummond Smith, who took up the role in April this year, had been appointed on an interim basis to assist the board through the restructuring options for the group.

    As expected, it said, following the completion and approval of the CVAs, he has now stepped down.

    Ian Grabiner, chief executive of Arcadia, said: "Jamie was appointed on an interim basis to assist the board through the restructuring options for the group.

    "Following the successful completion and approval of the group’s CVAs, Jamie has stepped down from his role. On behalf of the Board I would like to thank Jamie for his support and wish him well for the future."

    Earlier this week Arcadia's chief operating officer David Shepherd said he was stepping down.

  16. Oil industry argues for maximum production levelspublished at 10:22 British Summer Time 4 September 2019

    Oil platformImage source, get

    The UK's oil and gas industry has said the best response to tackling greenhouse gas emissions is to continue production at maximum levels.

    Oil and Gas UK's "Roadmap to 2035" argued consumption would remain above the levels they could produce.

    It said maintaining output at 1.1 million barrels per day would reduce the need to import fossil fuels.

    Environmental campaigners WWF Scotland said the industry needed to "get serious" about tackling climate change.

    Read more here.

  17. Sales at Halfords fallpublished at 10:04 British Summer Time 4 September 2019

    Halfords sign seen through the spokes of a bike wheelImage source, Getty Images

    Bad weather, as well as" political and economic uncertainty", has meant shoppers cut back on spending at Halfords, the firm has said.

    The chain, which sells things like bikes and car parts, said customer spending on a like-for-like basis had fallen by 3.2% in the 20 weeks to the middle of August.

    “Falling big-ticket sales in both motoring and cycling points to a significant downturn in consumer confidence, and while key initiatives like online and service led sales do seem to be making progress it’s not been enough to offset the wider trend," said Hargreaves Lansdown analyst Nicholas Hyett.

  18. Cathay Pacific chairman resignspublished at 09:50 British Summer Time 4 September 2019

    Cathay Pacific planeImage source, Cathay Pacific

    The chairman of Cathay Pacific airline John Slosar has resigned and will be replaced by Patrick Healy, the firm has announced.

    Mr Slosar "confirmed that his resignation is due to his retirement and that he is not aware of any disagreement with the board of the company".

    The company has become embroiled in the recent protests in Hong Kong.

    Initially it told its staff it would not stop them joining the pro-democracy demonstrations.

    But then, faced with pressure from the Chinese government and a huge backlash on Chinese social media, it quickly changed its position,warning that any staff involved would be fired.

  19. 'Economy in worst spell since 2009'published at 09:45 British Summer Time 4 September 2019

    The economy is in its worst spell since 2009 after contracting in August according to IHS Markit, which produces closely-watched data.

    The purchasing managers' index fell from 50 in July to 49.7 in August. Anything less than 50 indicates a contraction.

    "Taken together the July and August PMI readings indicate a 0.1% rate of GDP decline, putting economic output on course to fall over the third quarter," said Chris Williamson from IHS Markit.

  20. UK services growth slowspublished at 09:36 British Summer Time 4 September 2019
    Breaking

    Growth in the UK's services sector slowed to a crawl in August, a sign that the country's economy could be heading for the first recession since the financial crisis.

    According to data from IHS Markit/CIPS, the Services Purchasing Managers' Index slipped to 50.6 from 51.4 in July.

    Anything below 50 indicates a contraction.