Implications of the Autumn Statement

Chancellor Jeremy Hunt has revealed his autumn statement. Among the proposals National Insurance is to be cut by two percentage points, and NI payments for the self-employed have been abolished. There have also been increases to Universal Credit and the state pension.

But the chancellor also announced new tougher measures for job seekers, saying those who fail to find work after 18 months of "intensive support" will be given mandatory work placements. Those who do not engage with the process for six months will lose their benefits altogether.

On the Sky News Daily, host Niall Paterson sits down with Ed Conway, our economics and data editor, and Sam Coates, our deputy political editor, to analyse the chancellor’s statement and what it means.

Producer: Emma Rae Woodhouse
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Editor: Philly Beaumont