OBR

U-turns on tax credit cuts

Chancellor George Osborne announced a raft of fiscal changes today in the final Autumn Statement of the current parliament.

The Office for Budget Responsibility has revised up government borrowing forecasts for 2014 and 2015 - but figures for the following years are lower than previously estimated, according to Chancellor George Osborne.

The Office for Budget Responsibility has rebuked David Cameron over his claim austerity is not to blame for the UK's sluggish economy.

BUDGET

THE BIG QUESTION

ECONOMIC OUTLOOK

Now is not the time to be swayed by high-frequency newsflow and economic data, writes Philip Lawlor, group strategist at Smith & Williamson.