Autumn Statement 2014
On Wednesday 3 December Chancellor George Osborne delivered the last Autumn Statement of this Parliament.
With some of the content leaked in advance, the Chancellor kept a few surprises up his sleeve, not least considerable changes to stamp duty.
Rounding up the content of the speech FTI Consulting takes a look at the announcements that have been made.
A list of measures announced can be found overleaf.
“We will stay on course to prosperity”
This Autumn Statement was delivered with both eyes on the upcoming election. In the face of admitting he wouldn’t achieve his target of eradicating the structural deficit by the end of the parliament, the Chancellor announced a recalculation by the OBR with the new figures forecasting a £23billion surplus by 2019/2020
Carefully recapping past measures which have contributed to the recovery and announcing a mixture of new policies he strived to position this Autumn Statement as one targeting a successful economy. A mixture of substantial, politically shrewd and populist announcements ensured he sat down to cheers from his backbenchers.