- 60 updates
- Growth forecasts are "significantly up" in the largest improvement at any Budget or Autumn Statement for 14 years, with UK growing faster than any other major economy.
- The state pension will rise by £2.95 a week from next April. People now in their 40s will receive a state pension at 68. Those in their 30s will be 69.
- Financial resources will be provided to fund expansion of free school meals to all school children in reception, year one and year two.
- The fuel duty rise for next year has been cancelled.
- Plans to increase train fares by 1% above inflation has been cancelled.
The Chancellor's Autumn Statement won the support from the Federation of Small Businesses.
Shadow Chancellor Ed Balls accused the Government of being in "complete denial" in response to the Autumn Statement, adding: "With this Government clearly it's not just the badgers who move the goalposts."
Economist Alan Clarke, of Scotiabank, says: "The UK credit rating may well be revised up on the back of this - better growth, less borrowing and debt to GDP starts to fall earlier."
Latest ITV News reports
Today Chancellor George Osborne revealed his Autumn Statement but what does the statement mean for you?
George Osborne has delivered his first upbeat assessment of the economy, although he cautioned that there’s still more work to do.