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An important part of our responsibilities as the Security Council in delivering Sustainable Development Goal 16 is having a broad enough definition of the threats to international peace and security, not to encroach on the responsibilities of other parts of the UN system, but to join up with them.

While the OBR is clear that it cannot predict the deal the UK will strike with the EU, its current view is that the referendum decision means that potential growth over the forecast period is 2.4 percentage points lower than would otherwise have been the case.

But sadly, we’re in need of more examples of best practice. The statistics speak for themselves. Unless we take action, in less than 10 years time, up to two and a half billion people – that’s a third of today’s global population - could be vulnerable to water insecurity. Unless we take action, by 2030 – the year that we’re supposed to have achieved the Global Goals, including SDG 6 on water and sanitation – then global demand for freshwater will outstrip supply by 40%.

So I welcome the Commission’s continuing work on delivery model options, and we will carefully consider its final recommendations in due course.

From 2018 there will be a Spring Statement, responding to the forecast from the OBR, but no major fiscal event.