The Chancellor will deliver his statement on 4 December 2013

The Treasury has announced that the Chancellor will make his annual Autumn Statement on Wednesday 4 December 2013.

The statement provides an update on the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility. These forecasts will be published alongside the Autumn Statement on 4 December.

If last year’s statement is anything to go by, we can expect quite a few tax announcements in the Autumn Statement. The income tax allowances and the rates and thresholds of national insurance and tax credits for 2014/15 are also likely to be published.

The draft clauses for Finance Bill 2014 are likely to be published within a week of the Autumn Statement.

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