12 Nov 2013
Prime Minister David Cameron has postponed the 2013 Autumn Statement by 24 hours, in order to lead a trade delegation to China.
The visit follows last year’s diplomatic row between Britain and the Chinese leadership, after Mr Cameron held a private meeting with the exiled Tibetan spiritual leader, the Dalai Lama.
Mr Cameron commented, ‘As China’s new leadership sets its direction for the next 10 years, as their country’s star continues to rise in the world, I will take senior British ministers – as well as business leaders from every sector, large and small – to forge a relationship that will benefit both our countries and bring real rewards for our peoples’.
The Autumn Statement provides an important update on the UK economy, in line with the latest forecasts from the Office for Budget Responsibility, as well as outlining the Government’s planned changes to tax and legislation ahead of the Spring Budget.
Chancellor George Osborne will now deliver the Autumn Statement to the House of Commons on Thursday 5 December.