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Money Box Live: The Chancellor's Autumn Statement

George Osborne
BBC Radio 4's Money Box Live
Wednesday, 30 November 2011 at 1502 GMT On Radio 4 and Online

The Chancellor George Osborne delivered his Autumn Statement to Parliament on Tuesday, outlining the tough economic climate facing the UK. According to the Office for Budget Responsibility, the economy in 2012 will grow by just 0.7%. This has been revised downwards from 2.5%.

Meanwhile it's been confirmed that UK economic growth will be lower and borrowing higher than was forecast during the Budget in March.

Key measures which will impact on people's personal finances include: a 1% cap on public sector pay for two more years after the end of the current freeze next year; benefit payments to be uprated by 5.2% next year in line with inflation; a below inflation increase in some working tax credits; a rise in state pension to 67 to be brought forward to 2026 from 2036 at the latest; and the planned 3p fuel duty rise in January 2012 to be scrapped.

Money Box Live will look at the small print of the Autumn Statement and answer your questions on any tax, welfare, saving and investment issues.

Vincent Duggleby was joined by:

John Whiting, Tax Policy Director, Chartered Institute of Taxation

Louise Oliver, partner, Taylor Oliver

Will Hadwen, Working Families

Presenter: Vincent Duggleby
Producer: Lesley McAlpine

Money Box



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