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The Prime Minister hosted NATO Secretary General Jens Stoltenberg at Downing Street this afternoon for a wide-ranging discussion on security issues.
Since 2010, the Office for Budget Responsibility has provided an independent economic and fiscal forecast, to which the government must respond.
To kickstart this new approach, I will allow up to £1bn of the savings found by the efficiency review in 19/20 to be reinvested in priority areas and I have budgeted today accordingly.
The weather will continue to improve this week, but people should avoid walking near swollen rivers and should not risk driving or walking through flood water. Strong winds and large waves will also ease around the coast today, but people should take care when walking by the sea. Information about flood warnings and alerts is updated every 15 minutes on GOV.UK and people can check their postcodes and sign up to receive free flood warnings.
The government has therefore set new fiscal targets which aim for 2% underlying deficit and debt falling by 2020, and a balanced budget as soon as possible thereafter.
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