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Some of them calling for fiscal expansion; while others have suggested there is no need at all to respond to a changed economic outlook.

The MOD is keen to use this opportunity to reach out to all the members of our defence industry, from large defence suppliers to the smallest SME, and are interested to hear the views of non-traditional suppliers.

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

The new format sets out clearly the ‘stage 1’ and ‘stage 2’ checking process followed by our caseworkers. This in line with our approach for civil certificated billing.

We recognise that many organisations across the UK which are in receipt of EU funding, or expect to start receiving funding, want reassurance about the flow of funding they will receive. That is why we are confirming that structural and investment funds projects signed before the Autumn Statement and Horizon research funding granted before we leave the EU will be guaranteed by the Treasury after we leave. Thousands of British organisations have received guarantees over EU funding from the Chancellor.