6 September 2011 Last updated at 11:04 ET

George Osborne names autumn statement date

The chancellor responds to the OBR's latest forecasts in his autumn statement

The Chancellor, George Osborne, has announced that he will make his autumn statement on 29 November.

This will follow the Office for Budget Responsibility's (OBR) latest economic forecasts, which will be released earlier that day.

The chancellor made the announcement in the House of Commons as he was taking questions from MPs.

The OBR currently expects the UK economy to expand by 1.7% in 2011, but most economists forecast lower growth.

The chancellor uses his autumn statement to give an update on the state of the economy, as well as to respond to the latest analysis from the independent OBR.

The autumn statement replaced the pre-Budget report, which under the previous Labour government was seen as a mini-Budget in which draft tax and spending decisions were outlined.