Financial News

  • 3 September 2014, 6:10

Chancellor Reveals Date Of Autumn Statement

The Chancellor has revealed that he will deliver his Autumn Statement on December 3.

George Osborne revealed the date as he took part in the regular Treasury questions session in the House of Commons.

He said: "The core purpose of the Treasury is to ensure the stability and prosperity of the economy.

"That is delivered by our long-term plan and I can tell the House the plan will be further expanded on at the Autumn Statement, which I will deliver on Wednesday December 3."

The statement is the second annual opportunity for the Chancellor to make major announcements on spending and provide the latest forecasts for how the economy is expected to perform in the future.

This year's statement will lay the groundwork for Mr Osborne's last budget before next May's general election.

In last year's statement, Mr Osborne predicted the Government's budget would be back in surplus by 2018 and announced significant increases to growth forecasts.

A further freeze in fuel duty was unveiled as was a rollback in green levies on energy bills.

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