Summary

  • George Osborne delivers Autumn Statement and Spending Review

  • The chancellor says he has abandoned planned cuts to tax credits

  • Police budgets also escape cuts with economy boosted by £27bn windfall

  • Labour says working families will still lose out

  • Autumn Statement sets out state of UK economy and signals tax and welfare plans

  • Spending Review set out details of plans to cut government spending over next few years

  1. Your comments on housingpublished at 14:37

    James Austin writes on Facebook

    Who can afford private homes? Only those who are lucky to have a liveable wage and there's few and far that are in that position. It would be better spent on social housing where the need is greatest

    Phil Knaggs, Chertsey, emails: 

    A year ago Cameron promised 100,000 new homes. In the run up to the election it was up to 200,000 now Osborne's going for 400,000.  How many of the initial 100k have been built? All the promises seem to be by 2020. There's a lot of cramming going to be needed in the final year of this Parliament.

    Simon Hopkins, Tewkesbury, emails:

    Subsidising builders is the wrong approach. The real problem is our broken internal economy and shortage of supply.  We need to enable decent living wages by restoring local economies, cutting excessive centralisation and improving the balance of wealth across communities.

  2. IFS on Osborne's statementpublished at 14:36

    Paul Johnson, of the Institute for Fiscal Studies, says the chancellor has used extra tax receipts to "significantly reduce the overall level of cuts". This makes such a difference because it applies to "a relatively small part of public spending" given the amount of protected areas, he says.

  3. Osborne: Massive commitment to Northern Powerhousepublished at 14:35

    House of Commons
    Parliament

    Asked by a Conservative MP what has been achieved by the Northern Powerhouse, George Osborne says there is a "massive commitment" to devolve powers across transport, cultural and science institutions.

  4. Police welcome no cuts to budgetpublished at 14:35

    The announcement of no cuts to the police service budget has been welcomed by Paddy Tipping, chair of the Association of Police and Crime Commissioners finance group:

    Quote Message

    "We praise the government that during this difficult time they have taken the decision to not cut the police budget. We continue to be committed to innovation and reform to provide a secure service to the public who value neighbourhood policing. We will be working together and with the government to continue to invest in new technology; reduce back off costs and share resources where possible.

  5. Pension to rise to £155.65published at 14:32

    Personal finance expert Annie Shaw says we already knew about the rise in the state pension because of the government's so-called "triple lock". The  the new flat rate pension will be £155.65, she says. Read more on the flat rate pension

  6. Osborne: Education funding formula is perversepublished at 14:32

    House of Commons
    Parliament

    Speaking about the education funding formula Mr Osborne calls it "perverse". He adds that "it cannot be right" if a child receives £3,000 less than another child even though they are in the same circumstances.

  7. Path to work 'no longer smoothed'published at 14:31

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  8. Labour MP on McDonnell's Mao's red book stuntpublished at 14:30 Greenwich Mean Time 25 November 2015

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  9. Ex Osborne adviser on tax credit cutspublished at 14:28

    Rupert Harrison

    "The fact is, it's difficult to save money," Rupert Harrison, George Osborne's former chief of staff, tells Andrew Neil who has asked him about the tax credits U-turn.

    "Inevitably, when you're making £100bn plus savings, you're not going to get everything right."

  10. Government 'to cut less than previously planned'published at 14:26

    Here's an interesting chart from the OBR. The fiscal watchdog says that taking account of expected underspending against the government’s plans, it expects current spending (RDEL) to be cut by £10.4bn in real terms by 2019-20. That is around 40% less than the £17.9bn cut by that year pencilled in by the government in July and only around a quarter of the £41.9bn peak cut pencilled in by the coalition in March (which was to be delivered a year earlier in 2018-19).

    Government spending chartImage source, OBR
  11. Do you have a question about the Spending Review?published at 14:25

    Email: haveyoursay@bbc.co.uk

    Email your questions to us and we'll put them to a panel of experts.

  12. Day in the Commons on Westminster livepublished at 14:25

    Live coverage of MPs' questions on the Autumn statement continues on the BBC's Westminster live page, along with full coverage of the rest of the day's business in the Commons.

  13. Chancellor attacks Scottish government spendingpublished at 14:20

    George Osborne attacks the SNP Scottish government's spending choices. "They have used the money they have taken from the university sector to fund free prescriptions for millionaires."

  14. Osborne 'easing the pace of cuts'published at 14:21 Greenwich Mean Time 25 November 2015

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  15. Pic: Mao's book quoted in the Commonspublished at 14:19

    McDonnell
    Image caption,

    The shadow chancellor enjoyed quoting China's former leader

  16. Does Osborne want to 'wipe out' buy-to-let?published at 14:18

    The National Landlords Association responds to the chancellor's announcement that stamp duty land tax on buy-to-let property purchases is to be increased.

    Chief executive Richard Lambert said that if George Osborne wants to "wipe out" buy-to-let, he should just say so.

    Quote Message

    The exemption for corporate investment makes this effectively an attack on the small private landlords who responded to the housing crisis by putting their own money into providing homes by the party that they put their faith in at the election."

  17. 'Government is not one for working people'published at 14:17

    SNP MP Stewart Hosie says the government aims for public spending at "36% to 37% of GDP" which, he claims has not been seen "since the 1930s and 1940s". The chancellor will have to "cut £40bn a year more than he needs to" to ensure a budget surplus, Mr Hosie says, adding: "The people of Scotland did not vote for a decade of austerity."

  18. 'Slow progress' with disability benefit reformpublished at 14:16

    Public sector net debt should fall as a share of GDP every year of its forecast, and there should be a surplus of £10.1bn in 2019-20, the OBR says, external. But the government is set to breach its self-imposed welfare spending cap after a reversal of the July tax credits cuts and "slow progress with disability benefit reform".

  19. SNP responsepublished at 14:16

    SNP Treasury spokesman Stewart Hosie notes that Conservative MPs cheered the announcement that tax credits cuts would be scrapped, yet says they were "cheering for the implementation" of the cuts not so long ago.

  20. Public sector job losses plannedpublished at 14:15

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