George Osborne

GOSLING'S GROUSE

AUTUMN STATEMENT

Chancellor George Osborne has announced an extension of the UK fiscal austerity programme until 2017-2018 as the government failed to meet some of its debt targets.

Chancellor George Osborne has announced plans to increase next year's ISA limit from £11,280 to £11,520.

The Office for Budget Responsibility (OBR) has downgraded its outlook for the UK economy.

UK stocks crept higher ahead of today's Autumn Statement, with the FTSE 100 nearing 5,900 points as miners lifted the market.

Chancellor George Osborne is set to announce austerity measures will be extended into 2018 and banks will face more tax in a "bleak" Autumn Statement, according to reports.

AUTUMN STATEMENT

Sir Mervyn King, the Bank of England's Governor, told the Chancellor that £37bn cash the Treasury claimed from the QE programme will not help the UK's finances.

Mark Carney has seen off fierce competition to land the job of Bank of England governor, replacing outgoing chief Sir Mervyn King next summer.