As it happened: Autumn Statement

Key Points

• The planned 3p rise in fuel duty in January is cancelled.
• There will be a 1% cap on public sector pay rises for two years after the end of current freeze next year.
• Real household income looks set to fall by 2.3% this year - a post-war record, says the Office for Budget Responsibility.
• Borrowing is £112 billion more over the next four years than previous forecasts, but debt interest payments are £22 billion less than expected.
• Labour says the Chancellor's "Plan A has failed colossally" and that his economic plans are "in tatters".
• There will be below-inflation increases in some working tax credits, but other credits will rise in line with inflation.