Osborne to deliver Autumn Statement on 29 November

George Osborne announced the date to MPs during Treasury questions on Tuesday. The Autumn Statement replaced the scrapped Pre-Budget report last year and gives the Chancellor an opportunity to update MPs on the state of the economy and give a response to the OBR forecasts. In March, the OBR warned growth rates will remain below 3% for the next five years, predicting a figure of 1.7% for this year.