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The rates of relief will be set at 20% for non-touring exhibitions and 25% for touring exhibitions. The relief will be capped at £500,000 of qualifying expenditure per exhibition.
But with our debt forecast to peak at 90% next year, and a deficit this year of 3.5%, I have reached my own judgement.
As the pace of technology advances and competition from the rest of the world increases, we must build on our strengths in science and tech innovation to ensure the next generation of discoveries is made, developed and produced in Britain.
So we will provide a £7.6 million grant towards urgent repairs to safeguard this key piece of Northern heritage. I can also confirm distribution of a further £102 million of LIBOR bank fines to Armed Forces and Emergency Services charities…
Some of them calling for fiscal expansion; while others have suggested there is no need at all to respond to a changed economic outlook.
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