Live: Autumn Statement

13.20: Tax free personal allowance to rise to £11,500 April 2017

13.16: New £6.7bn package to reduce business rates

13.14: Insurance premium tax to increase from 10%-12% from June 2017

13.12:Comic Relief will get £3m from the Tampon Tax Fund

13.08:The Chancellor confirms funding for 40,000 new homes

13.05: £1.8bn from Local Growth Fund for infrastructure in english regions. Every city in Scotland set to have a city deal13.00: Uk productivity gap too great: Raising productivity

13.04: Broadband Boost

12.58: National Productivity Investment Fund of £23bn to be spent on innovation and infrastructure over the next five years.

12.55: Deliver infrastructure for up to 100,000 new homes

12.54: New national productivity investment fund of fund of 23bn over five years

12.45: Task is now to prioritise high-value in investment in infrastructure

12.44: Hammond states that ‘We no longer seek to deliver a surplus by 2020’

12.43: Growth forecast for 2017 revised down to 1.4% from 2.0%.

12.41: Hammond is now paying tribute to George Osborne.

12.39: Hammond begins by stating that ‘we need to build an economy that works for everyone’.

12.38: Here he is to begin his statement.

12.34: If you want more information on what is expected from the autumn statement then check out EN4 News guide to the autumn statement.

12.32: No sign of Hammond yet, as the Prime Ministers questions continue.

12.28: The Chancellors statement is due to begin at 12.30pm GMT.

12.25: Hello, welcome to EN4 News live updates on the Chancellor of the Exchequer, Philip Hammond’s, autumn statement. We will be giving you all the information needed on the Chancellors statement as it’s announced.

 

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