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Starting in autumn 2017, Britain will have an autumn Budget, announcing tax changes well in advance of the start of the tax year.

The UK government’s decision to focus on infrastructure spending means that the Welsh Government’s budget will increase by more than £400 million through to 2020-21, giving it even greater spending power to boost productivity and promote growth in Wales. This is in addition to the £500 million the Welsh Government will be able to borrow to invest from 2018.

Northern Ireland’s prestigious universities should also benefit from the UK government’s decision to increase funding for research and innovation by £2 billion a year by 2020-21, ensuring that the UK continues to be a world leader in science and technology.

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.

As new technologies develop, Britain must do everything it can to ensure that we are best placed to reap the benefits - and that includes incorporating innovative new systems and practices into the infrastructure that keeps our country moving.