Live: Autumn Statement Coverage Today On Wessex FM

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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.

 

2:46pm

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

1:28pm

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.

1:20pm

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.

#AutumnStatement

1:12pm

All current public spending plans will stay in place. 

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

1:10pm

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

1:09pm

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

1:07pm

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

1:07pm

£23bn investment pledged in infrastructre and innovation

1:06pm

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

1:04pm

Growth forecast 2.4% lower due to Brexit

12:57pm

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

12:54pm

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

12:50pm

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

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