Chancellor George Osbourne delivered his Autumn Statement to the House of Commons on Wednesday 3rd December 2014. This is his final Autumn Statement before the 2015 General Election.
In summary:
Employment
The OBR expects employment to have risen by 500,000 in 2014. Unemployment is forecast to fall to 5.4% in 2015 and to then settle at 5.3% and 5.6% by 2018. This may impact on interest rates if the Governor of the Bank of England follows his forwards guidance on interest rates being linked to employment and wage growth.