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The new rate will increase pay for typical minimum wage workers (26 hours) by nearly £300 per year rising to nearly £600 for full-time minimum wage workers. An increase of 4.2 per cent is, after the introduction of the National Living Wage in April, the largest increase in the main rate of the minimum wage since 2006.

This network of teachers and careers advisers will positively promote apprenticeships in a variety of ways to inspire students, teachers, parents and governors, whilst actively encouraging students of all abilities to consider apprenticeships as a viable and successful route into a career. Apprenticeship Champions will also create opportunities for students to engage with employers and apprentice ambassadors.

And on this, Senegal is providing leadership and putting that leadership into practice, through the Senegal River Basin Organisation. I commend the cooperation that you have fostered with Mali, Mauritania and Guinea on flood defences and hydropower. It’s is a welcome example of managing transboundary water challenges through cooperation rather than conflict.

Businesses, economy and tax experts like the International Monetary Fund, Institute for Government, the CBI, Chartered Institute of Taxation and the IFS have all been calling for this change. It will mean businesses and people face less frequent changes to the tax system, helping to promote certainty and stability.

Having run two large spending departments in previous roles, I came to this job with some very clear views about the relationship between the Treasury and spending departments.