Autumn Statement: Osborne plans business rates review

A review of business rates to help High Street shops compete with internet retailers is among measures expected in George Osborne’s Autumn Statement.

The chancellor is also expected to unveil support for small business, spending on the NHS, flood defences and road schemes.

He will face criticism over the size of the UK’s budget deficit.

Labour has said that the chancellor had failed to keep his 2010 general election promise to clear the deficit.

Danny Alexander, Lib Dem Treasury Chief Executive said on Tuesday “several tens of billions” more savings were needed to eradicate the deficit by 2017/18.

The Autumn Statement – called the pre-Budget report under the previous Labour government will be delivered at 12:30 GMT in the Commons.