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The UK government has also taken actions to support people that are just about managing throughout the UK. Fuel duty is frozen for the seventh successive year, which should save the average car driver in Scotland £10 each time they fill their tank. The National Living Wage is increasing from £7.20 to £7.50.

Since 2010 we’ve cut income tax for 28 million people and taken 4 million people out of income tax altogether.

The Government’s position is clear. This is a prerogative power and one that can be exercised by the Government, and we aim to prove that in the Supreme Court. Both Houses of Parliament legislated for the referendum, with cross-party support, and it was clear that it was for the people to decide whether to remain in the EU or leave it.

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.

The development of Open Banking – the use of technology to provide customers with more control over their accounts and financial services – is one of 17 CMA-imposed changes that will make banks work harder for their customers.