Autumn statement

29/11/11

George Osborne is set to unveil downgraded economic growth forecasts to MPs later.

The chancellor will present updated figures from the independent Office for Budget Responsibility (OBR) in his autumn statement, set to begin at 12:30 GMT.

The OBR revised 2011's growth forecast from 2.3% 12 months ago to 1.7% in March. GDP growth for 2012 was predicted at the time of this year's Budget to be 2.5%, with growth in 2013 and 2014 of 2.9%.

Those figures are set to be cut again by the OBR after six months of turmoil in the eurozone and depressed consumer confidence.

Fawcett Society: Bad situation gets worse for women

TUC: All Osborne's assumptions have been wrong

IPPR: Squeezing living standards is wrong

TaxPayers' Alliance: Still more tax cuts needed

Plaid: Evidence of a stagnating economy

Friends of the Earth: A wintery blast for the economy

UCU: This is just a repackage

Oxfam: Pushing more people into poverty

Unite: Osborne has put us in a tailspin

Bob Crow: This is class war

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