The Autumn Budget will be delivered on 26 November by the Chancellor of the Exchequer, HM Treasury has announced.

The Office for Budget Responsibility's latest outlook for the economy and public finances will be released on the same day.

The Budget outlines the government's plans for raising or lowering taxes and sets out its spending commitments for health, schools, police and other public services.

Chancellor of the Exchequer, Rachel Reeves said: 'Britain's economy isn't broken. But I know it's not working well enough for working people. Bills are high. Getting ahead feels tougher. You put more in, get less out. That has to change.

'We've got huge potential - world-leading brands, dynamic industries, brilliant universities, and a skilled workforce. We're a global hub for trade.

'Fixing the foundations has been my mission this past year … but I'm not satisfied. There's more to do. Cost of living pressures are still real.

'And we must bring inflation and borrowing costs down by keeping a tight grip on day-to-day spending through our non-negotiable fiscal rules. It's only by doing this can we afford to do the things we want to do.

'If renewal is our mission and growth are our challenge. Investment and reform are our tools. The tools to building an economy that works for you - and rewards you.'

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