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After heavy rain over the last three days and showers forecast today, people in the south west and north east need to be aware of the potential for further flooding. The weather is due to improve later this week, but we want to remind people not to risk driving through flood water, walking near large waves or near swollen rivers.

This is a tax cut worth £850 million next year, and means the current fuel duty freeze is the longest for 40 years. Mr Speaker, I have one further announcement to make.

We will shut down inappropriate use of the VAT flat rate scheme that was put in place to help small businesses;

Insurance Premium Tax (IPT) will increase from 10% to 12%. IPT is a tax on insurers and it is up to them whether and how to pass on costs to customers.

There are different aspects to the Customs Union which is why it is important to look at the detail and get the answer right.