Autumn statement 2022 live: Jeremy Hunt to unveil UK budget plans as Labour says ‘12 years of Tory economic failure’ holding UK back

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Chancellor expected to announce tax rises and spending cuts in attempt to reverse effects of Truss mini-budget

In the Commons Rishi Sunak is making a statement about the G20 summit. These statements are normally routine, and just summarise what was said or decided at the meeting. They don’t normally include fresh announcements.

Sunak started by talking about the missile incident in Poland. He said Russia attacked Ukraine with missiles on the day that he “confronted the Russian foreign minister across the G20 summit table”. He said the blame for the missile landing in Poland lay with Russia. Ukraine could not be blamed for defending itself, he said.

In just a few moments the chancellor will build on these international foundations when he sets out the autumn statement, putting our economy back on to a positive trajectory and restoring our fiscal sustainability.

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