The Chancellor has started speaking. We will keep you up to date with a round-up of the announcements as soon as he has finished.
So far, growth forecasts have been downgraded, to 0.9 per cent this year, and 0.7 per cent next year. But the Office for Budget Responsibility (OBR) says the UK is not heading for a double-dip recession.
This material is for informational purposes only and should not be relied upon as professional advice.