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Welcome to F.T. Politics, a weekly podcast on British politics from the Financial Times.

I'm Sebastian Payne and in this week's episode we'll be discussing the 2016 Autumn statement.

I'm delighted to be joined by George Parker, the F.T.'s political editor, Stephanie Flanders'

chief market strategist for Europe at J.P. Morgan Morgan Management and Rupert Harrison, the chief macro strategist for

multi asset at Black Rock and formerly chief of staff to the

Chancellor George Osborne. Thank you all for joining.

So Philip Hammond delivered his first major fiscal event on Wednesday

and like many autumn statements it was a mini budget in all but name.

The UK economy looked in pretty decent shape with growth forecast revised upwards

but there are clearly going to be some bumpy times ahead

as the Brexit process begins.

This looks as if it will mean more boring,

potentially lower tax revenues and some rather scary

levels of debt. And for good measure we've had another route about a forecast on whether they should

be ignored. So George Park, if I can begin with you, just give us an overview of the autumn statement.

...