Autumn statement 2013
The Chancellor, George Osborne has announced that he will make his Autumn Statement to the House of Commons on 4 December at 12.30pm. The Chancellor announced the date on his official Twitter account and tweeted‘That’s when we’ll set out next steps in plan to secure the economic recovery’.
The statement will be used to give an update on the state of the economy and will respond to the economic and fiscal outlook published by the independent Office for Budget Responsibility.
In recent years, the Autumn Statement has replaced the Pre-Budget report and many important changes have been announced. The report is often termed a mini-Budget. It is widely regarded as the second most important economic event of the parliamentary year after the Budget.