Guido will be live-blogging throughout, so refresh the page for the latest updates.
Not a pretty economic picture as Reeves stands at the despatch box…
UPDATE:
Lord Khan in the Telegraph: “I hope, and I say this in a non-pompous way, that the public service I do will bring rewards in this world and the hereafter,” he says. “I’m hoping the work I do is earning me Brownie points.”