Autumn Statement now on Thursday 5 December

The Autumn Statement has been delayed by one day and will now take place on Thursday 5 December, the Treasury has confirmed.

The change of date ensures that the Chancellor George Osborne's Autumn Statement speech to the House of Commons will not take place while Prime Minister David Cameron is out of the country.

The Prime Minister will lead a major trade delegation to China at the start of December, which he said is aimed at:

"opening the way for British companies to benefit from China's vast and varied markets and preparing the way for a new level of Chinese investment here in the UK."

An update on HM Treasury's official Twitter account announced:

"Tonight PM says that he will lead delegation to China in early December. As a result Autumn Statement will now be on Thursday 5th December. "