Jeremy Hunt to unveil autumn statement as Labour says nothing can change Tories’ ‘appalling’ economic record – UK politics live

Chancellor Jeremy Hunt will deliver his autumn statement at around 12.30pm, after prime minister’s questions

Good morning. Today Jeremy Hunt will deliver his second autumn statement since (like his old boss David Cameron) he made a totally unexpected return to cabinet, appointed chancellor as Liz Truss’s premiership was in its death throes. After he delivered his first one just over a year ago, the Guardian’s report led on Britain facing the biggest hit to living standards on record after Hunt announced £30bn of delayed spending cuts and £25bn of backdated tax increases. The Tory papers gave it probably the most negative coverage for any fiscal statement from a Conservative chancellor in modern times. Almost anything today would get a better reception.

But in fact, if the advance briefing is reliable, Hunt is on course to deliver a statement that will get a dramatically better reception. As Larry Elliott and Pippa Crerar report in their preview, he will announce cuts to personal taxes, and a significant raft of pro-business measures.