George Osborne has told the Commons the OBR forecast for growth in 2013 upgraded from 0.6% to 1.4%, for 2014 upgraded from 1.8% to 2.4%.
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.