IFS says workers face 'dreadful' decade without real-terms increase in wages - Politics live

Rolling coverage of all the day's political developments as they happen, including reaction to the autumn statement and the IFS press conference Philip Hammond's morning interviews - Summary John McDonnell's morning interviews - Summary 1.55pm GMT Here are the key points from Paul Johnson's opening statement (pdf) at the IFS autumn statement briefing. Rather than aiming for Budget balance in 2019-20 Mr Hammond will be happy borrowing 2% of national income, that's about £40 billion, in 2020-21. ...