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Since 2010 we’ve cut income tax for 28 million people and taken 4 million people out of income tax altogether.

The development of Open Banking – the use of technology to provide customers with more control over their accounts and financial services – is one of 17 CMA-imposed changes that will make banks work harder for their customers.

All Government departments are currently reviewing the EU laws that apply in their policy areas and how our withdrawal from the EU will affect the operation of those laws. Where laws need to be fixed, that’s what the Government will do.

On counter-terrorism, they agreed that police and the security services should continue to work closely together to ensure the safety of both UK and Belgian nationals. They stated that this was a good example of the strong connection between our 2 countries.

And I can confirm today that, despite the challenging fiscal forecasts, we will deliver on our commitment to raising the allowance to £12,500, and the higher rate threshold to £50,000, by the end of this Parliament.