Autumn Statement

George Osborne has delivering his latest assessment of the state of the economy in the Autumn Statement, announcing that growth forecasts for the upcoming years are "significantly up".

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  1. National

Borrowing will be £9bn less than predicted this year

George Osborne said the improving economic outlook meant borrowing would be £111 billion this year - £9 billion less than predicted at the time of the Budget in March.

Overall the Office for Budget Responsibility is now forecasting that borrowing over the next five years would be £73 billion less than previously thought with a "small cash surplus" by 2018/2019.

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  1. National

Labour: Working people £1,600 worse off since election

Labour claims working people are, on average, £1,600 a year worse off since the last election.

Speaking ahead of today's Autumn Statement, shadow chief secretary to the Treasury Chris Leslie claimed there has been no recovery at all, with prices rising faster than wages.

The Labour Party claims working people are, on average, £1,600 a year worse off since the last election. Credit: Labour Party

He said: "What we need from the Autumn Statement is a long-term plan to tackle the cost-of-living crisis and earn our way to higher living standards for all, not just a few at the top.

"We need action to get more homes built, boost apprenticeships and cut business rates for small firms.

"We should make work pay by expanding free childcare for working parents and introduce a compulsory jobs guarantee for young people and the long-term unemployed.

"And we need to freeze gas and electricity bills while we make long-term changes to the energy market to stop customers being ripped off."

  1. National

Only 26% think Coalition understand small businesses

Chancellor George Osborne is expected to cap increases to business rates in his Autumn Statement today and only a quarter of the public think the coalition understands the concerns of small business owners and entrepreneurs, according to the ITV News Index carried out by polling firm ComRes.

Only 26% of those questioned said the Government understood small business owners, while 66% thought the Coalition understood banks and big businesses.

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