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Autumn Statement date is announced
The Chancellor George Osborne will make his Autumn Statement on 29 November, the Treasury has announced.
The Statement will follow the latest economic forecasts from the Office for Budget Responsibility (OBR).
It is seen as a replacement for the Pre-Budget Report, which was first introduced by Gordon Brown to outline the Government’s tax plans.
Osborne will instead use his Statement to provide an update on the UK economy and respond to the updated growth figures from the OBR.
Speaking at a dinner earlier this week, the Chancellor conceded that his short-term hopes for the economy have been revised down, but he insisted that the Government would continue with its deficit reduction plan.