Spending Review and Autumn Statement

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

Live Reporting

Tom Moseley, Rajdeep Sandhu, Tom Espiner and Pippa Simm

Watch: Shadow chancellor quotes Chairman Maopublished at 14:01 Greenwich Mean Time 25 November 2015
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
A quote for 'Comrade Osborne'published at 14:00
John McDonnell says that George Osborne is outdoing him on nationalisation - as long as it is state spending by countries other that the UK, such as China. He offers "Comrade Osborne" a quote from Mao Zedong's Little Red Book: "We must not pretend to know when we do not know."
'Another Labour victory'published at 14:00
John McDonnell says the chancellor's announcement on police funding is "another Labour gain and victory".
'Mao's little red book not a wise strategy'published at 14:00
BBC political editor tweets...
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
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 2
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 2
Watch: 'The Spending Review of a one nation government'published at 14:00 Greenwich Mean Time 25 November 2015
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
Watch: Osborne promises more free childcarepublished at 13:50
Media caption,
Osborne promises more free childcare
'Lowest peacetime level' of house buildingpublished at 13:57
The chancellor's first act in office was to slash housing investment by 60%," John McDonnell claims. "His plans today could still mean 40% less to build the homes we need, compared to the investment programme he inherited from Labour." He adds that house building is at the "lowest peacetime level since the 1920s".
Government to breach welfare cap 'in three successive years'published at 13:55
Here's what the Office for Budget Responsibility has to say about the government's welfare cap:
Image source, OBR
Tough speech for McDonnellpublished at 13:53 Greenwich Mean Time 25 November 2015
BBC political editor tweets...
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
'Another winter crisis'published at 13:53
The shadow chancellor says the signs point towards "another winter crisis" in the NHS in England.
Burnham claims victory over scrapped police cutspublished at 13:52 Greenwich Mean Time 25 November 2015
Shadow home secretary tweets...
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
Pic: A pat on the back (and arm) for Osbornepublished at 13:49
'Chancellor has broken welfare cap'published at 13:49
John McDonnell says George Osborne has "broken his own welfare cap", adding that the chancellor had said previously that "breaking it would be a failure of public expenditure control".
Pic: The view inside the Commonspublished at 13:48
Chancellor 'has listened to Labour and seen sense'published at 13:47
Labour's John McDonnell claims that 500,000 more children live in "absolute poverty" compared to 2009/10.
He describes the policy on tax credits as a "fiasco", arguing that "there was no attempt by the chancellor to understand the effects of the decision to cut tax credits".
He congratulates MPs and peers who campaigned against the change, adding:
Quote Message
I'm glad he's listened to Labour and seen sense."
Pic: Osborne and Cameron react to McDonnell speechpublished at 13:45
'People will feel absolutely betrayed'published at 13:45
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
'Barely a target he hasn't missed'published at 13:43
"There's barely been a target the chancellor has set that he hasn't missed," John McDonnell says.
"After five years the deficit has not been eliminated," he adds.
Link to Spending Review documentspublished at 13:43 Greenwich Mean Time 25 November 2015
HM Treasury tweets...
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
Shadow chancellor respondspublished at 13:40
Shadow chancellor John McDonnell begins his response.
He tells the House that "the iron law of chancellors' statements is: the louder the cheers on the day, the greater the disappointment by the weekend".