Chancellor John Healey has unveiled his first Autumn Budget in the House of Commons.

This is also the first budget under Andy Burnham.

Healey said that everything in the budget is fully funded.

The Bank of England, IMG and Office for Budget Responsibility (OBR) have all upgraded their forecasts for UK growth this year, with the OBR forecasting 1.2 per cent growth.

The VAT cut on electricity will be extended through the winter and spring until July next year. This will take £50 off the annual price cap. The government had also previously announced the removal of the gas standing charge which will come into effect next year.

Twenty million households in council tax bands A-D will receive a £100 ‘household energy payment' this winter to help with rising bills. This will be paid directly into bank accounts.

The 5p fuel duty cut has also been expanded until July next year, with Healey citing the war in the Middle East as a driver of high fuel prices.

By the end of the decade, the Government plans for 100 per cent of business rates to be retained locally. From next year, 20 per cent of business rates revenue will go to mayors.

From 2028, a share of income tax will also go to Mayors.

Some Mayors and other local authorities will also get more powers to introduce overnight visitor levies.

Healey also revisited previously announced plans that everyone sleeping rough will be offered a route off the streets this winter. He confirmed a further £430m to keep that offer open for the rest of this parliament.