X

Cookies

Continue We want you to get the most out of using this website, which is why we and our partners use cookies. By continuing to use this site, you are agreeing to receive these cookies. You can find out more about how we use cookies here.

Monday, 26 January 2015

Subscriptions  |  evouchers  |  Jobs  |  Property  |  Motors  |  Travel  |  Dating  |  Family Notices

Chancellor's autumn statement: Follow it live

George Osborne will warn there are no “miracle cures” for Britain’s problems today as he admits more drastic action is needed to balance the Government’s books.

In a bleak mini-budget, the Chancellor is to confirm that Whitehall departments are being ordered to find further cuts to fund £5 billion of projects designed to kick-start the economy.

He is also widely expected to concede that sluggish growth means it will take longer to tackle the deficit and a key coalition target to have public sector debt falling by 2015-16 may be missed.

Delivering his crucial Autumn statement this afternoon, Mr Osborne will argue that he is “confronting the country’s problems, instead of ducking them”.

He is expected to unveil a £154 million blitz on big-name global companies and wealthy individuals - and deliver equally bleak news for benefit claimants.

You can find out what he does say - and what measures he is putting into place - with our live coverage of his statement.

He is due to start his speech in Parliament at 12.30pm. 

 

SHARE THIS ARTICLE

Hot jobs
Search for:

Vote

Can Cumbria's police force stand further cuts in frontline officers?

Yes - crime is low in Cumbria so there doesn't need to be as many officers

No - we need more bobbies on the beat

Show Result