Autumn Statement

Autumn Statement date announcedIt’s been confirmed that this year’s Autumn Statement will be delivered on 3 December, six months before the general election takes place. Chancellor George Osborne will use the statement to update MPs on borrowing and growth forecasts for the year, as well as outlining any plans for additional tax or spending measures for the economy. He traditionally uses the Autumn Statement to make policy announcements on issues such as welfare and pensions. The Treasury has invited views on what the public would like to see covered: “In the interest of open and transparent policy-making, the Government welcomes original and innovative ideas, which will be considered by HM Treasury as part of the policy-making process,” it said in a statement. Submissions can be made until 17 October to allow time for “full consideration” of the proposals.