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How the Autumn Statement went down in the workplace

  • Video report by ITV News Consumer Editor Chris Choi

Philip Hammond's Autumn Statement contained few headline-grabbing surprise announcements, but there was, as ever, a mixed response to what the Chancellor had to say.

On a day when he revealed the economy would take a £60 billion hit over the coming five years thanks Brexit, Mr Hammond did have some positive news - namely that fuel duty would be frozen and the National Living Wage increased. He also announced measures to ease cuts to Universal Credit.

Though welcomed by so-called 'JAMs' - those workers deemed 'just about managing' - the measures were not so positively received by their bosses.

One cutlery and silverware firm warned the hike in the living wage will make it more costly to take on new workers who need training.

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Autumn Statement shows 'abject failure of last six years'

Responding to the Autumn Statement, Shadow Chancellor John McDonnell said it placed on record the "abject failure of the last six wasted years" with growth and deficit targets slashed.

He said it offers "no hope for the future."

Brexit leads OBR to forecast £220bn hike in national debt

The impact of Brexit on future public finances has led the Office for Budget Responsibility to forecast a £220bn increase in the national debt by 2020.

ITV News Political Editor Robert Peston tweeted:

Hammond announces measures for workers

Chancellor Philip Hammond has announced measures for lower-income and self-employed workers in his first Autumn Statement.

He said that the minimum wage will rise by 30p an hour that the Government will raise the income tax free personal allowance to £12,500 by the 2020 at the latest.

£7.50
minimum wage as of April 2017 - rising from £7.20
£11,500
Income tax free personal allowance as of April 2017 - rising from £11,000

Hammond scraps Autumn in favour of Spring Statement

Chancellor Philip Hammond raised smiles with his announcement of his abolition of the Autumn Statement.

Chancellor Philip Hammond has announced he is abolishing the Autumn Statement and moving the main budget statement outside of the Budget from the spring to the autumn.

"This Autumn Statement will be my last," he told MPs before clarifying he would still return to deliver two major statements as mandated by Parliament.

ITV News Deputy Political Editor Chris Ship responded:

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