By Alex Thomas
Chancellor George Osborne’s 2014 Autumn Statement was delivered at 12.30 GMT today in the House of Commons. The Autumn Statement is an opportunity for the Chancellor to update MPs on the Government’s plans for the economy based on the latest forecasts from the Independent Officer for Budget Responsibility (OBR).
As many predicted the chancellor committed to further tightening public finances within the statement. He went on to say that if the Conservatives remain in government after the May General Election there will be substantial savings in public spending. Continue reading