Autumn Statement 2013: As it happened

Key points

  • Chancellor George Osborne delivers statement in the Commons
  • OBR upgrades UK's economic growth forecasts
  • Faster rise in pension ages also confirmed

Live text

Reporting:

  • Kerry Alexandra 
  • Ben Morris 
  • Edwin Lane 
  • Sean Clare 

Last updated 5 December 2013

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Edwin Lane, Business reporter, BBC News

Good morning everyone. Just five and a quarter hours to go until George Osborne delivers his Autumn Statement. We'll have all the build up, plus all the other morning's top business stories. Get in touch with us at bizlivepage@bbc.co.uk or on Twitter @bbcbusiness.

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Ben Morris, Business Reporter

Brace yourself for the Autumn Statement. That will hit at 11:15 and there will be lots to discuss in the run-up to that. Plus the Today programme will be hearing from the chairman of Ford at 07:15 about the launch of the company's brand new Mustang. Stay with us for that.

STANDARD 0602 AUTUMN STATEMENT

For in-depth coverage of this year's Autumn Statement, take a look at our dedicated page on the website, where we'll be posting all the latest news and features.

STANDARD 0604 FAST FOOD JOBS

BBC World News

Michelle Fleury reports from New York for World Business Report, where fast food workers are going on strike. They are demanding an increase in pay - $15 a hour, which is double the current minimum wage - and the right to form a union.

STANDARD 0608 PENSIONS

Radio 5 live

Those of us in our 40s and younger will likely have to wait until we are at least 68 to receive a state pension. That is one of measures due to be announced in the Autumn Statement today. John Longworth, Director General of the British Chambers of Commerce tells Wake Up to Money that employers will have to change their attitude and help and train older people.

STANDARD 0614 STAMP DUTY

Radio 5 live

Despite the improved economic picture, the Chancellor does not have much money to play with. So says Mary Monfries, tax partner at PricewaterhouseCoopers. She suggests he might reduce stamp duty for first-time buyers, which would be relatively inexpensive.

STANDARD 0619 AUTUMN STATEMENT

Radio 4

Jonathan Portes, director of the National Institute of Economic and Social Research, tells Tanya Beckett that there is no reason for Osborne to be in a self-congratulatory mood this morning. "We are seeing recovery that was choked off in 2010 by bad policy," he says.

STANDARD 0625 CAR TAX DISC

Radio 5 live

It's been with us since 1921, but the car tax disc will go from next year. Political correspondent Gary O'Donoghue on 5 live says that will be one of the measures announced in the Autumn Statement.