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First, the public finances should be returned to balance as early as possible in the next Parliament, and, in the interim, cyclically-adjusted borrowing should be below 2% by the end of this Parliament.

I’ve got high expectations of this pilot. We’re using a first rate provider who really understands the needs of boaters, and ourselves.

These measures, scored at Budget 2016, will help to ensure large businesses will always pay tax in years where they make substantial profits.

Our Midlands Engine strategy will follow shortly, but I am today providing funding for the evaluation study for the Midlands Rail hub.

This means following the spring 2017 Budget and Finance Bill, Budgets will be delivered in the autumn, with the first one taking place in autumn 2017.