by Noemi Distefano
Tomorrow at 12.30 am, the Chancellor Philip Hammond will deliver first Autumn Statement to the Parliament in London.
The Autumn Statement is one of two big economic statements made by the government every year. It is based on the latest forecasts from the Office for Budget Responsibility (OBR) for the economy and public finances.
The first Autumn Statement was held in London in 1982, although people used to refer to it as a Spending Round.
Under the last Labour government, it was called the Pre-Budget Report – George Osborne changed the name back to the Autumn Statement in 2010.