The statement will be delivered by the Chancellor of the Exchequer, Jeremy Hunt (pictured), on 22 November.

The Autumn Statement is the second big financial event of the political calendar, after the Budget. 

The Government confirmed that the Office for Budget Responsibility has been commissioned to prepare an economic and fiscal forecast which will be presented to parliament by the Chancellor alongside the Autumn Statement.

The statement is likely to be particularly important, given the looming prospect of a general election next year. 

In last year’s statement, Hunt reversed many of the changes introduced by his predecessor Kwasi Kwarteng in the ill-fated mini-Budget. These included confirming an end date for the higher stamp duty thresholds, as well as freezing thresholds for the likes of income tax and inheritance tax.