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I have, however, exceptionally agreed to provide additional funding to the Ministry of Justice to tackle urgent prison safety issues increasing the number of prison officers by 2,500.

Since 2010 the government has put a business-led recovery at the heart of our plan, we’ve cut corporation tax from 28% to 20%, sending the message that Britain is open for business.

The 4.2 per cent increase keeps the National Living Wage on course for the 2020 goal. The recommendation was a finely balanced decision. On the one hand, it is a significant increase at a time of average pay growth of around 2 per cent and should help protect low-paid workers from the higher inflation likely to result from the depreciation of sterling. On the other hand, it is lower than we previously projected and should help manage risks to employment.

The UK government has also taken actions to support people that are just about managing throughout the UK. Fuel duty is frozen for the seventh successive year, which should save the average car driver in Scotland £10 each time they fill their tank. The National Living Wage is increasing from £7.20 to £7.50.

I will commit an additional £1.1 billion of investment in English local transport networks, where small investments can offer big wins;