Today Programme
BBC Radio 4

Businesses will be hoping for reform of business rates. Rates are based on property values taken in 2008, which was the height of the market in some areas.

"In the North and Midlands they've been feeling the pain over the last few years," says Debbie Warwick, head of rating at property consultants Daniel Watney.

She thinks that there might be a revaluation that would help those that have seen a fall in property prices.

Today Programme
BBC Radio 4

The Chancellor had proposed lowering the threshold at which tax credits get taken away and increasing the rate at which they get taken away.

At the moment for every extra pound you earn 41p of tax credit is taken away - he was going to increase that rate to 48p.

In the face of political opposition, it seems likely he is going to do some tweaking says Heather Self, tax partner at Pinsent Masons on Today.

The threshold could remain higher for longer and he could slow the rate that credits are taken away.

BBC Radio 5 Live

Wake Up To Money speaks to Stacey Tutty a teaching assistant. She estimates that she will lose £35 a week from proposed changes to tax credits, which she says is "frightening". 

She already earns above the minimum wage, so an increase in that will not help her.

It's a familar story says Lee Healey from Income Max, which advises people on benefits and bills.

He says the idea that raising the national minimum wage will offset losses in tax credits is "just not true in so many different cases".

BBC Radio 5 Live

Carolyn Fairbairn, is the new director general of the employers' group the CBI.

On Wake Up To Money she says that her members have been "steadfastly behind the deficit reduction plans".

But they will be paying close attention to two areas today. 

Protection for investment in "growth enhancing areas", including skills training, innovation and infrastructure.

The apprenticeship levy and the rising national minimum wage are also areas of concern for business.

Wednesday brings the government's Autumn Statement and Spending Review.

Chancellor George Osborne will lay out his spending plans for the next five years.

Political Editor Laura Kuenssberg is joined by the BBC's top reporters for this preview.

BBC Radio 5 Live

Image source, PA

The chancellor will today pledge almost £7bn to make house building a priority, with more than 400,000 "affordable homes" to be built in England.

Speaking on Wake Up To Money, Julie White, chief executive of D-Drill, says that expanding building will be a big challenge because there is a "huge" skills gap.

She says 200,000 workers have left the construction industry since 2008.

Ms White also says that to get that number of houses built, issues over planning permission will have to be addressed.

Good morning and welcome back to our rolling coverage of the Spending Review. We'll have all the build-up to the statement which is expected at 12:30 GMT. Stay with us.

Image source, Getty Images

There will be live updates on the Spending Review on this page from 06:00 GMT, including all the build-up to George Osborne's statement, which is expected at 12:30 GMT. The BBC's TV coverage begins on BBC Two and the BBC News Channel at 11:30 GMT, including Prime Minister's Questions beforehand, with BBC Radio 5 Live covering both events from 11:55 GMT and more coverage on BBC Radio 4's World at One.

You can also catch up with Tuesday's Newsnight and listen to Wednesday's Today from 06:00 GMT via the Live tab on this page. While waiting for our big day coverage to get going, scroll down to read more about the background - and analysis - of the chancellor's challenge.

Laura Kuenssberg
BBC political editor

Image source, PA

It's a big day for the government, a big day for the chancellor and - while not every day in Westminster feels like it - it's a big day for the country.

George Osborne is not just standing up to make a few tweaks to public spending here and there, not just to make a political statement, but to set out the size and shape of the state for the next five years, in a time when money is tight and he has little room for manoeuvre.

The government wants to show the country it has a clear mission, and a determination to balance the books in an effective and coherent way.

That means making choices and deciding priorities.

Read the rest of Laura's blog

Image source, Getty

Some analysis from BBC experts ahead of George Osborne's Spending Review and Autumn Statement:

• According to BBC deputy political editor James Landale, the chancellor has two problems to solve with his Spending Review: how to mitigate his planned £4.4bn cuts to working tax credits, and the impact of cuts on the police budget, in light of the Paris attacks.
• BBC economics editor Robert Peston, meanwhile, says the statement could be Mr Osborne's "most challenging Budget or quasi-Budget since taking office".

Attention is turning to George Osborne's Spending Review, which will be delivered in the House of Commons on Wednesday after Prime Minister's Questions. The review will set departmental budgets for the next five years, while the accompanying Autumn Statement will update MPs on the government's tax and spend plans. Here's a guide to both statements.

Whitehall is braced for cuts - but where will the axe fall? The BBC's Brian Wheeler has taken a look at the departments in George Osborne's sights as he delivers his Spending Review.

Here's a look back at today's main political stories:

• Front-line NHS services in England will get a £3.8bn, above-inflation cash injection next year, amid mounting fears about the pressures they face
• MPs have overwhelmingly rejected calls from the SNP for the UK's Trident nuclear weapons system to be scrapped
• Meanwhile, former Labour Defence Secretary Lord Browne has warned Trident could be rendered obsolete by cyber attacks
• HMS Ocean, external, the "Flagship of the Royal Navy", is to be decommissioned after a multi-million pound refit
• An MP has withdrawn from the SNP whip amid a police investigation over apparent discrepancies in an independence campaign fund
• The UK government says it hopes Argentina's "bullying" of the Falkland Islands will end now that a new president has been elected
• Ex-minister Liam Byrne has called for more to be done to help children whose parents are "hazardous drinkers" after speaking publicly about his father's fight with alcohol addiction
• Lord Ashdown has accused the government of failing to put pressure on Saudi Arabia and other Gulf states which he said were funding jihadism

Left Unity has said it will suspend plans to stand in elections next year in order to support Jeremy Corbyn. The decision sparked a heated exchange earlier, between Labour's former home secretary Alan Johnson and Simon Hardy from Left Unity.

Adam Fleming
Reporter, Daily Politics

Students at the Oxford Union last night voted overwhelmingly in favour of Britain's membership of the European Union. 283 members supported and 73 voted against the motion that Britain and the EU are better together, after a two-hour long clash at the famous debating society that pitted the former President of the European Union Jose Manuel Barroso and the former Deputy Prime Minister Nick Clegg against the UKIP leader Nigel Farage and the eurosceptic Conservative MP Sir William Cash.  

Mr Barroso love-bombed the audience, reminding them that Britain had pushed for trademark elements of the EU like the single market and englargement into Eastern Europe. Nick Clegg joked that the bloc took fifteen years to agree a definition of chocolate and so should not be mistaken for a sinister super-state.

Bill Cash clashed with members of the audience when he linked the Paris terror attacks to the Schengen passport-free travel zone, while Nigel Farage compared Britain and the EU to a forty-year marriage that had started well but hit the rocks because the husband was a bully.

My biggest takeaways: Nick Clegg looked healthier and much happier than he ever did as deputy prime minister and Nigel Farage will make sure the referendum campaign is never unfunny.

The dresscode was black-tie and everywhere there were reminders of the Union's history of big debates, particularly the black and white pictures of Jacob Ress Mogg and Michael Gove when they were twenty-something prototype politicians that adorn the walls.

SNP MP Natalie McGarry has resigned the party whip. Ms McGarry is being investigated by police over apparent discrepancies in an independence campaign fund. The Glasgow East MP's solicitor said she denied any wrongdoing.

Lord Fairfax of Cameron has been announced as the winner of a vote by a very exclusive group of electors - the remaining hereditary peers.

The contest was held to fill a vacancy left in the House of Lords by Lord Montagu of Beaulieu, who died in July.

Lord Fairfax beat the Earl of Harrowby by 27 votes to 14, under the alternative vote system. The 59-year-old peer is a barrister with a "long career in marine insurance and shipping".