George Osborne told MPs that 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.
George Osborne has been interrupted by the Speaker while delivering his Autumn Statement:
Blimey -- can't remember a budget or mini-budget ever being interrupted by the Speaker before.
George Osborne has said he was seeking "a responsible recovery to allow the Government to live within its means".
He adds that the Government "held our nerve" while critics were "proved comprehensively wrong".
here we go - Autumn Statement and Osborne gets up: first words "Britain's economic plan is working but the job is not done"
"WE need a government that lives within its means in a country that pays its way in the world" Osborne saying his plan has worked
Delivering his Autumn Statement, George Osborne has told MPs: "Britain's economic plan is working but the job is not done."
People in Wales have been warned they'll have to wait longer to collect their state pension as George Osborne prepares to deliver his latest Autumn statement - an assessment of the state of Britain's economy.
According to Government sources, people in their 40s will have to wait until 68 to retire, while those in their 30s will have to wait another year until they are 69.
News of the increase came after Mr Osborne last night announced a further £3billion spending squeeze over the next three years.
He is due to deliver his full statement to the House of Commons at 11:15 GMT.
"People have had enough and as was showed at the People's Assembly on Saturday when over 4,000 trade unionists, anti cuts campaigners, pensioners, students, etc came together in London to call for action against government policies, we are now prepared to take the next step to demonstrate we are determined to force the UK government to change tack."
A rally will be held outside the Senedd today following the Chancellor George Osborne's spending review announcement yesterday.
Cardiff Trades Council will be supporting the PCS union in protest to continued job and spending cuts.
The First Minister has written to the Chancellor urging him to carry out within the next two years all the recommendations of a recent report which said the Welsh Government should be given some powers over tax.
Carwyn Jones has told George Osborne that acting quickly to 'enhance devolution' in Wales will help boost the arguments of pro-Union politicians who will be trying to persuade Scottish voters to say no to independence in the country's referendum next year.
In his letter, the First Minsters says that Wales can play a strong role in making the case for Scotland to remain part of the UK by proving that 'constructive reform is achievable' and that 'separatism is not the only alternative.'