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This is about ensuring that our exit is smooth and orderly, which is in the best interests of the UK and our EU partners. There are decades of EU law to consider, and we must ensure our laws work when we leave and that we provide the maximum possible stability.

We said in our last report in February that, in the absence of economic shocks or other strong evidence, we thought that the default for the NLW would be a straight line rolling path to the 60 per cent target - spreading our (annually updated) estimate of the increase in relative value needed to hit the target evenly over the remaining years to 2020. Our recommendation today reflects this approach, but the cash level is somewhat lower than expected in the spring when we projected £7.64 for April 2017. This reflects automatic adjustment in the level of the NLW target in view of weaker pay growth and forecast pay growth.

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.

Finally they discussed the importance of adapting to emerging threats and the way in which the UK could contribute to increasing cyber capabilities among NATO allies.

Individuals who meet the eligibility criteria may apply to join the Registered Traveller Service online by providing personal details and passport details. Once background checks have been carried out, if the application is successful, the individual will be sent a provisional acceptance letter.