Autumn Statement

The Chancellor, George Osborne, is expected to deliver his autumn statement this lunchtime. Ahead of the announcement speculation is rife that he plans to cut welfare spending and also pospone the 3p rise in fuel duty until the next budget.

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Increase in state pension announced

ITV Wales Political Editor, Adrian Masters, says six hundred and forty thousand pensioners in Wales will benefit from an increase in basic state pensions.

The increase has just been announced in the Chancellor's Autumn Statement.

Also as a result of spending in England the Welsh Government is set to receive an extra £52 million according to the Wales Office.

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