The UK chancellor, Philip Hammond, will deliver his maiden autumn statement against a backdrop of weaker growth prospects, rising inflation and a large deficit. Here are five key charts to consider before he stands up. As the chart shows, the UK economy is expected to grow by 1.8% in 2016, just ahead of Germany at 1.7% and the US at 1.6%. The Bank is predicting the jobless rate will rise to about 5.5% in the middle of 2018. But it will have to rip up the forecasts for subsequent years too, taking into account the impact of weaker growth on the public finances.

Source: The Guardian November 23, 2016 06:01 UTC