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The Autumn Statement

Duration:
30 minutes
First broadcast:
Wednesday 05 December 2012

The Chancellor's Autumn Statement: What will it mean for your finances?

If you drive, pay into a pension, claim benefits or pay council tax, you may soon see changes to your household budget. Because on Wednesday 5 December, George Osborne will update MP's on the state of the economy and the public finances - and set out how he plans to reduce the deficit and boost growth.

He's expected to announce cuts to the welfare budget, but who will be affected? Will benefits rise in line with or below inflation? Will council tax bands be re-jigged, so those with more expensive homes pay more? And who will get that extra tax - the council or the government?

What other tax changes might be included? He could raise the standard rate of VAT or extend it to other things.

For motorists, will Mr Osborne choose to delay - or even scrap - the 3p rise in fuel duty that's due in January? If not, how might that affect the pound in your pocket?

And for those planning for retirement, will the Chancellor cut the annual pension allowance from the current £50,000 a year? Or will he ditch higher rate tax relief on pension contributions?

If you'd like answers to your questions on how the Autumn Statement will affect your personal finances, you can call our special edition of Money Box Live. With Paul Lewis at the Wedgwood factory in Stoke-on-Trent and Ruth Alexander in London with a team of experts taking your calls and emails on the Autumn Statement. Email moneybox@bbc.co.uk now or call 03700 100 444. Lines open at 1pm, Wednesday.

The guests joining Paul and Ruth will be:

Jane Moore from the Institute of Chartered Accountants of England & Wales

Malcolm McLean, Pensions Consultant, Barnett Waddingham

Leonie Kerswill, Tax Partner, PricewaterhouseCoopers

Will Hadwen, Benefits Advisor, Working Families

Producers, Emma Rippon and Sally Abrahams.

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