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I’m confident the new arrangements will hugely improve the customer experience and compliance at our visitor moorings, and increase our revenue. It’s good news for boaters, and for us.

The rules for exiting the EU are set out in Article 50 of the Treaty on European Union. This is the only lawful route for withdrawal from the EU under the Treaties.

The Autumn Statement also includes direct action that will benefit Scotland – such as the Chancellor’s decision to increase investment in research and development by £2 billion a year by 2020-2, which should benefit Scotland’s thriving universities and research and innovation centres.

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.

But we must sustain this effort over the long term if we are to make a lasting difference to the UK’s productivity performance.