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They will also mean that businesses cannot avoid tax by borrowing excessively in the UK to fund their overseas activities.

I hope our activity will help support the development of new visitor moorings being established and an increase in the number of boats using the river.

The government has therefore set new fiscal targets which aim for 2% underlying deficit and debt falling by 2020, and a balanced budget as soon as possible thereafter.

The government has also introduced 15 hours a week of free childcare for all 3 and 4 year olds, and we will double that for working families from September.

Further measures in today’s consultation include requiring banks to publish rates for small and medium-sized enterprise (SME) lending products and to develop tools to allow for easier comparison of SME banking products.