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In early 2017, we will begin the roll out of tax-free childcare across Britain, providing a saving of up to £2,000 per child.

Environment Agency teams are continuing to work hard to reduce flood risk by putting up temporary barriers, operating flood gates and using pumps. Teams are out on the ground monitoring river levels, checking and maintaining flood defences and clearing blockages in watercourses.

Mr Speaker, I said that the tax system must be fair and that means rewarding those who work hard by helping them to keep more of what they earn.

We were also asked to provide an indicative rate for the National Living Wage from April 2018. This is inevitably uncertain because pay forecasts are likely to change, but using those available in October we project that the on-course rate will lie in a range of £7.80-£7.91. Using its forecasts published today, the OBR estimates a figure of £7.90. For 2020, the LPC’s projected rate for 60 per cent of median earnings is £8.61, within a range of £8.50 to £8.73. Using its forecasts published today, the OBR estimates a slightly higher figure, of £8.80.

Northern Ireland will benefit from over £250 million infrastructure capital funding which will enable the Executive to invest in key infrastructure projects to support future growth.