UK economy

Autumn Statement 2011

The Chancellor of the Exchequer delivered his 2011 Autumn Statement to Parliament at 12:30pm on 29 November 2011.

George Osborne delivering the Autumn Statement to Parliament

Responding to the Office of Budget Responsibility’s (OBR) updated Economic and Fiscal Outlook, the Chancellor has set out details of further action the Government will take to protect the UK from global instability and the euro area crisis and build a stronger, more balanced economy for the future.

Key announcements

The Government is making reductions to spending because maintaining sound public finances is essential to protect the economy from global instability and to secure sustainable long-term growth.

Protecting the economy

Providing further support to businesses, including new investment in infrastructure and opening up new sources of financing.

Building a stronger economy for the future

Helping households and businesses to cope with the current high levels of inflation and supporting social mobility.

Fairness

Autumn statement document in full

Autumn statement document (PDF 3MB)

National Infrastructure Plan 2011

The Government updates its National Infrastructure Plan with major commitments to improve the UK’s transport and broadband networks as well as steps to attract major new private sector investment.