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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.

2016 is the first time the event is taking place in Tbilisi, Georgia. The UK and Georgia will discuss cooperation on security and defence, economic and commercial ties, and the mutual values which underpin an increasingly strong bilateral relationship.

This Bill does not prejudge the negotiation. It will not affect when the Prime Minister triggers Article 50 of the Lisbon Treaty, which is what starts the process of our negotiation for leaving the EU.

Finally, Wales is benefiting with more than £3 million of LIBOR funding raised from fines levied on banks being distributed to good causes, including a further £1 million for the Wales Air Ambulance.

On non-EU migration we have already acted to clamp down on abuses, such as bogus colleges and sham marriages, and we will go further in the months ahead. And now that we are leaving the EU we have an opportunity to gain control on the numbers of people coming here from Europe.