Live: Autumn Statement Coverage Today On Wessex FM


Published at 10:17am 23rd November 2016. (Updated at 6:42am 24th November 2016)

The chancellor will set out plans to help people who are just about managing in his Autumn Statement .

Philip Hammond is about to deliver his first Autumn Statement as Chancellor. 

Follow live updates here.



Richard Bugler from Albert Goodman Accountants in Weymouth gives Wessex FM his expert views on the Autumn Statement.


Personal allowance will to increase to £11,5000 in April to 2017.

There'll be reductions in universal credit and reductions for those in work.


There will be no change in proposed corporation tax rate changes.

Although insurance premium tax is set to rise from 10% to 12%.

Tighter rules to be introduced for whiplash compensation claims.



All current public spending plans will stay in place. 

The only extra spending commitment is for 2,500 new prison officers.


There'll be more help for smaller, growing hi tech companies #AutumnStatement


£1.4bn pledged for 40,000 more affordable homes and £1bn to improve broadband connectivity including 5G mobile


Measures to reduce productivity gap compared to other EU countries #AutumnStatement


£23bn investment pledged in infrastructre and innovation


500,000 new jobs forecast in the next 5 years #AutumnStatement


Growth forecast 2.4% lower due to Brexit


#AutumnStatement debt forecast from OBR as percentage of GDP will be 90.2% next year, up from 81.3%


Philip Hammond...No further plans to introduce welfare savings measures #AutumnStatement


Growth forecast for 2017 revised down from 2.2% to 1.4%  #wessexfm

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