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What is the Autumn Statement?

All you need to know about Wednesday's announcement

By Josh Lowe  

©Kirsty Wigglesworth/AP/Press Association Images

Is that like the budget?

Sort of. Ever since 1975, when the Industry Act introduced a requirement for the government to publish economic forecasts twice a year—previously it had done so only at the annual budget—there has been a second major economic announcement by the chancellor in Britain’s parliamentary calendar. Labour’s Denis Healey was the first Chancellor to deliver one, in 1976, though he didn’t call it an Autumn Statement. In the early days, when it did contain significant announcements beyond economic…

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