Work and Pensions Secretary Mel Stride told MPs in the Commons today that the rise in the State Pension Age to 68 will be put on hold.

The prospect of personalised financial guidance has moved a step closer after Harriet Baldwin MP, chair of the influential Treasury Committee, has tabled a motion in the Commons to allow the controversial move.

This is the full text of Chancellor Jeremy Hunt's speech to MPs this afternoon (17.10.22), explaining why he has reversed of many of the changes announced in the mini-Budget on 23 September.

Chancellor Philip Hammond today forecast lower GDP growth this year of 1.2% - significantly down on the 1.6% he forecast last autumn.