Aimed at building a stronger and more resilient economy, the Chancellor set out a plan to unlock growth and productivity by boosting business investment by £20 billion a year, getting more people into work, and cutting tax for 29 million workers – the biggest tax cut on work since the 1980s.

Autumn statement - the key announcements made by the Chancellor in Parliament today are:

Alcohol duty - the tax on alcohol - to be frozen until 1 August but tobacco duty to increase.

Pensions to increase by 8.5% to £221.20 a week from April as triple lock maintained.

Class 2 National Insurance to be abolished for self-employed - saving "average self-employed person £192 a year"

Class 4 National Insurance to be cut by 8%

National Insurance to be cut by 2 percentage points from January.

National living wage to increase by 9.8% to £11.44 an hour for those over 21

Consultations to take place on giving savers a legal right to ask new employers to pay pension contributions into an existing pension pot.

Universal Credit and other benefits to increase by 6.7% from next April

"Full expensing" tax break for businesses to be made permanent.

Business rates frozen for small business for a year as well as 75% discount for retail, hospital and leisure companies.

Government to "explore options" for potential NatWest share offer in next 12 months.

£450m allocated to local authority housing fund to deliver "2,400 new homes"

The Chancellor also announced that employers of veterans will get extra national insurance relief.

Over £50 million to support regeneration was also announced for six places across the UK that included here in Eden.

As the Chancellor summed up his financial statement, by outlining what he wants to be his key points. Saying the schemes announced today will "attract £20bn more business investment a year in the next decade" for the UK and bring tens of thousands of people into work, support growing industries - and leaves borrowing lower and debt lower, he claimed.

He also highlighted what he said is the "biggest business tax cut in modern British history", the "largest ever cut to employee and self-employed national insurance" and "the biggest package of tax cuts to be implemented since the 1980s".

The Chancellor concluded his statement as "an autumn statement for a country that has turned a corner. An autumn statement for growth, which I commend to the House."