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Chancellor’s Autumn Statement, 5 December 11.15am
UKParliament
Posts: 749 Organisation Representative
Our goal is to post up information on work undertaken in the House of Commons that has a consumer focus but which may not be highlighted elsewhere. We encourage discussion and comments concerning the topic or content of the debate.
Autumn Statement
Thursday, 5 December at c.11.15am*
Chancellor of the Exchequer, George Osborne, is to deliver the 2013 Autumn Statement to the House of Commons at 11.15am on Thursday 5th December.
The Shadow Chancellor (Ed Balls) will respond to the statement on behalf of the Opposition.
* It may begin later if any Urgent Questions are granted on the day, as Parliamentary business is subject to change.
The Chancellor is likely to present details of how policies that have been announced earlier in the year, and costing approximately £2 billion, are to be funded. These include:
How it works:
During his Autumn Statement the Chancellor updates MPs on the government’s taxation and spending plans, which are based on the latest forecasts for the UK economy, from the Office for Budget Responsibility (OBR).
The OBR's revised forecasts for the economy and the public finances will be published alongside the Autumn Statement on 5 December.
Office for Budget Responsibility (non-UK Parliament website): http://budgetresponsibility.independent.gov.uk/
How to watch:
We will post up a link to the YouTube video of the Statement for those who wish to watch it as soon as it is available.
The Statement will be streamed on Parliament TV and is available to watch live or after the event (Silverlight or Windows Media Player required to stream Parliament TV): http://www.parliamentlive.tv/Main/Player.aspx?meetingId=14280
Transcripts of proceedings in the House of Commons Chamber are available three hours after they happen in http://www.parliament.uk/business/publications/hansard/commons/todays-commons-debates/
The Treasury will be posting live updates on their Twitter feed during the Statement using the hashtag #AS2013
8 Facts about the Autumn Statement:
• The Autumn Statement, on 5 December 2013, will be George Osborne’s fourth Autumn Statement as Chancellor of the Exchequer
• While it is called the Autumn Statement – it is often given in the “winter” in the early days of December!
• Since 2010 the independent Office of Budget Responsibility has been legally obliged to publish its economic forecasts twice a year – usually at the time of the Autumn Statement and the Budget in the Spring
• But there is a longer statutory requirement stretching back to the mid 1970s – the Industry Act 1975 required the Treasury to publish economic forecasts twice a year and “to publish the model used – on a computer” – the first such occasion was in November 1976 by the then Chancellor of the Exchequer Dennis Healey.
• The Chancellor’s statements in the Autumn traditionally discussed the economic outlook and the government’s latest spending plans with tax measures announced in the spring Budget (particularly in the 1970s and 1980s); but increasingly, as now, tax measures have also been announced in the Autumn Statement as well.
• It has not always been called the Autumn Statement – Kenneth Clarke when he was Chancellor in the early 1990s preferred to announce his combined tax and spending statements in a single Budget speech in November– but to meet the statutory obligation to publish economic forecasts twice a year, he had a debate around a Summer Statement.
• Gordon Brown, in his time as Chancellor of the Exchequer between 1997 and 2007, reverted back to the tradition of a statement in the Autumn; he published a Pre-Budget Report around November with his Budget at the traditional time in the Spring
• Unlike the Budget, there is no formal debate on the Autumn Statement – just questions to the Chancellor like any other Ministerial Statement
Find out more:
To find out more info you can have a read of the Commons Library briefing paper on the Autumn Statement, written as an impartial introduction to the themes and background to the Autumn Statement.
The paper is available to read at http://www.parliament.uk/briefing-papers/SN06767/autumn-statement-2013-background-briefing. Please note the briefing paper opens as a PDF [35 pages, 301 KB]
We hope this is of interest to some MSE'ers?
Many thanks
DOT
Autumn Statement
Thursday, 5 December at c.11.15am*
Chancellor of the Exchequer, George Osborne, is to deliver the 2013 Autumn Statement to the House of Commons at 11.15am on Thursday 5th December.
The Shadow Chancellor (Ed Balls) will respond to the statement on behalf of the Opposition.
* It may begin later if any Urgent Questions are granted on the day, as Parliamentary business is subject to change.
The Chancellor is likely to present details of how policies that have been announced earlier in the year, and costing approximately £2 billion, are to be funded. These include:
- Universal free school meals for first three years at primary school (cost: £600 million)
- Transferable tax allowance for some married couples (cost: £700 million)
- An aspiration to scrap the rise in fuel duty planned for September 2014 (cost: £700 million)
- The Government has already announced a range of policies to reduce energy bills, to be funded in part by measures to reduce tax avoidance.
How it works:
During his Autumn Statement the Chancellor updates MPs on the government’s taxation and spending plans, which are based on the latest forecasts for the UK economy, from the Office for Budget Responsibility (OBR).
The OBR's revised forecasts for the economy and the public finances will be published alongside the Autumn Statement on 5 December.
Office for Budget Responsibility (non-UK Parliament website): http://budgetresponsibility.independent.gov.uk/
How to watch:
We will post up a link to the YouTube video of the Statement for those who wish to watch it as soon as it is available.
The Statement will be streamed on Parliament TV and is available to watch live or after the event (Silverlight or Windows Media Player required to stream Parliament TV): http://www.parliamentlive.tv/Main/Player.aspx?meetingId=14280
Transcripts of proceedings in the House of Commons Chamber are available three hours after they happen in http://www.parliament.uk/business/publications/hansard/commons/todays-commons-debates/
The Treasury will be posting live updates on their Twitter feed during the Statement using the hashtag #AS2013
8 Facts about the Autumn Statement:
• The Autumn Statement, on 5 December 2013, will be George Osborne’s fourth Autumn Statement as Chancellor of the Exchequer
• While it is called the Autumn Statement – it is often given in the “winter” in the early days of December!
• Since 2010 the independent Office of Budget Responsibility has been legally obliged to publish its economic forecasts twice a year – usually at the time of the Autumn Statement and the Budget in the Spring
• But there is a longer statutory requirement stretching back to the mid 1970s – the Industry Act 1975 required the Treasury to publish economic forecasts twice a year and “to publish the model used – on a computer” – the first such occasion was in November 1976 by the then Chancellor of the Exchequer Dennis Healey.
• The Chancellor’s statements in the Autumn traditionally discussed the economic outlook and the government’s latest spending plans with tax measures announced in the spring Budget (particularly in the 1970s and 1980s); but increasingly, as now, tax measures have also been announced in the Autumn Statement as well.
• It has not always been called the Autumn Statement – Kenneth Clarke when he was Chancellor in the early 1990s preferred to announce his combined tax and spending statements in a single Budget speech in November– but to meet the statutory obligation to publish economic forecasts twice a year, he had a debate around a Summer Statement.
• Gordon Brown, in his time as Chancellor of the Exchequer between 1997 and 2007, reverted back to the tradition of a statement in the Autumn; he published a Pre-Budget Report around November with his Budget at the traditional time in the Spring
• Unlike the Budget, there is no formal debate on the Autumn Statement – just questions to the Chancellor like any other Ministerial Statement
Find out more:
To find out more info you can have a read of the Commons Library briefing paper on the Autumn Statement, written as an impartial introduction to the themes and background to the Autumn Statement.
The paper is available to read at http://www.parliament.uk/briefing-papers/SN06767/autumn-statement-2013-background-briefing. Please note the briefing paper opens as a PDF [35 pages, 301 KB]
We hope this is of interest to some MSE'ers?
Many thanks
DOT
Official Organisation Representative
I’m the official organisation rep for the House of Commons. I do not work for or represent the government. I am politically impartial and cannot comment on government policy. Find out more in DOT's Mission Statement.
MSE has given permission for me to post letting you know about relevant and useful info. You can see my name on the organisations with permission to post list. If you believe I've broken the Forum Rules please report it to forumteam@moneysavingexpert.com. This does NOT imply any form of approval of my organisation by MSE
I’m the official organisation rep for the House of Commons. I do not work for or represent the government. I am politically impartial and cannot comment on government policy. Find out more in DOT's Mission Statement.
MSE has given permission for me to post letting you know about relevant and useful info. You can see my name on the organisations with permission to post list. If you believe I've broken the Forum Rules please report it to forumteam@moneysavingexpert.com. This does NOT imply any form of approval of my organisation by MSE
0
Comments
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Sorry, but I haven't got time to listen to that posh boy wittering on for an hour or so.
Perhaps you could list the important highlights for us?
Won't it be on the news anyway? Wouldn't be surprised if MSE didn't do their own news article?0 -
Sorry, but I haven't got time to listen to that posh boy wittering on for an hour or so.
Perhaps you could list the important highlights for us?
Won't it be on the news anyway? Wouldn't be surprised if MSE didn't do their own news article?
Hi Atidi
Thanks for your comments. I'm sure MSE will be doing a news article following the report but this post is to give you some information prior to the start of the Autumn Statement.
The Statement is expected to last a while but following that MPs, including the Shadow Chancellor, will have the opportunity to question the Chancellor on the contents of the Statement.
We'll be posting up a link to a YouTube video of the Statement once it becomes available on here so those who want to can watch it.
Many thanks
DOTOfficial Organisation Representative
I’m the official organisation rep for the House of Commons. I do not work for or represent the government. I am politically impartial and cannot comment on government policy. Find out more in DOT's Mission Statement.
MSE has given permission for me to post letting you know about relevant and useful info. You can see my name on the organisations with permission to post list. If you believe I've broken the Forum Rules please report it to forumteam@moneysavingexpert.com. This does NOT imply any form of approval of my organisation by MSE0 -
Sorry, but I haven't got time to listen to that posh boy wittering on for an hour or so.
Perhaps you could list the important highlights for us?
Won't it be on the news anyway? Wouldn't be surprised if MSE didn't do their own news article?
I'd rather listen to it myself if I have the time. Don't like any journalist or other person to decide what I should know.0 -
Archi_Bald wrote: »I'd rather listen to it myself if I have the time. Don't like any journalist or other person to decide what I should know.
Feel free to post the points you think are important
Especially if you feel the BBC or multi-millionaire Dr Lewis miss something that would affect me in their respective articles.
Do you really think posh boy will tell you everything anyway? Isn't the detail often hidden in the Red Book or whatever they call it? It's usually only after financial journalists (or opposition) have had time to read and digest that detail do we get told all we really should know.
Anything of interest yet???0 -
Anything of interest yet???
Hi Atidi.
In terms of progress of the Statement -
The Shadow Chancellor Ed Balls has just recently started his response to the Chancellor's statement.
Best wishes
DOTOfficial Organisation Representative
I’m the official organisation rep for the House of Commons. I do not work for or represent the government. I am politically impartial and cannot comment on government policy. Find out more in DOT's Mission Statement.
MSE has given permission for me to post letting you know about relevant and useful info. You can see my name on the organisations with permission to post list. If you believe I've broken the Forum Rules please report it to forumteam@moneysavingexpert.com. This does NOT imply any form of approval of my organisation by MSE0 -
Feel free to post the points you think are important
Especially if you feel the BBC or multi-millionaire Dr Lewis miss something that would affect me in their respective articles.
Do you really think posh boy will tell you everything anyway? Isn't the detail often hidden in the Red Book or whatever they call it? It's usually only after financial journalists (or opposition) have had time to read and digest that detail do we get told all we really should know.
Anything of interest yet???
And people accuse politicians of being childish... The saying that "in a democracy, the people get the government they deserve" has never been more apt in my view.0 -
Loving the facts DOT - thanks *** Get the Martin's Money Tips Free E-mail at www.moneysavingexpert.com/tips ***0
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Thanks Wendy!
We can also now link to the YouTube Video of the Autumn Statement for those who wish to watch: http://www.youtube.com/watch?v=woty0FcfdNA&feature=c4-overview&list=UUMasyWuE1P2AaEKw_FkGq9g
Thanks
DOTOfficial Organisation Representative
I’m the official organisation rep for the House of Commons. I do not work for or represent the government. I am politically impartial and cannot comment on government policy. Find out more in DOT's Mission Statement.
MSE has given permission for me to post letting you know about relevant and useful info. You can see my name on the organisations with permission to post list. If you believe I've broken the Forum Rules please report it to forumteam@moneysavingexpert.com. This does NOT imply any form of approval of my organisation by MSE0 -
Erm ... what is this thread all about?0
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Erm ... what is this thread all about?
Hi le loup
This thread is all about the Chancellor's Autumn Statement which took place yesterday. The MSE team covered some of the key points in their news articles but this thread just covers some background information and links to the videos in case anyone is interested in watching it.
We can also now link to the official transcript of the Statement at http://www.publications.parliament.uk/pa/cm201314/cmhansrd/cm131205/debtext/131205-0001.htm#13120554000002
To read the Government's official documents relating to the Autumn Statement they can be read via https://www.gov.uk/government/publications/autumn-statement-2013-documents
Thanks
DOTOfficial Organisation Representative
I’m the official organisation rep for the House of Commons. I do not work for or represent the government. I am politically impartial and cannot comment on government policy. Find out more in DOT's Mission Statement.
MSE has given permission for me to post letting you know about relevant and useful info. You can see my name on the organisations with permission to post list. If you believe I've broken the Forum Rules please report it to forumteam@moneysavingexpert.com. This does NOT imply any form of approval of my organisation by MSE0
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