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The project is funded by the Skills Funding Agency and National Apprenticeship Service and will offer young people in the North, Midlands, London and the South the skills they need to get on in work.
Since 2010, the Office for Budget Responsibility has provided an independent economic and fiscal forecast, to which the government must respond.
But no other major developed economy has such a gap between the productivity of its capital city and its 2nd and 3rd cities.
And I can confirm today that, despite the challenging fiscal forecasts, we will deliver on our commitment to raising the allowance to £12,500, and the higher rate threshold to £50,000, by the end of this Parliament.
There will also be a two-year 100% first year allowance for companies who install electric charge-points, coming in from today. This allows companies to deduct the cost of the charge-point from their pre-tax profits in that year.
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