George Osborne will miss his borrowing targets by £12.5billion

George Osborne will miss the borrowing target set in his March 2014 budget by £12.5billion over the next two years, according to OBR data.

Giving his Autumn Statement this morning, Osborne said forecasts for 2016-17 and 2017-18 has been revised up, meaning that public finances were "in a marginally stronger position".

But this is what it looks like for the next two years:

In better news, Britain's GDP growth for this year was revised up from 2.7 per cent to 3 per cent, and for 2015 from 2.3 per cent to 2.4 per cent.

More: Autumn Statement 2014: The winners and losers