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And £450 million will also be spent on trialling railway digital signalling technology which will expand capacity and improve reliability.

Northern Ireland’s prestigious universities should also benefit from the UK government’s decision to increase funding for research and innovation by £2 billion a year by 2020-21, ensuring that the UK continues to be a world leader in science and technology.

On top of that, £1.4 billion will be used to provide 40,000 new affordable homes, including some for shared ownership and some for affordable rent. And another £1.7 billion will be used to speed up the construction of new homes on public sector land.

There will also be a two-year 100% first year allowance for companies who install electric charge-points, coming in from today‎. This allows companies to deduct the cost of the charge-point from their pre-tax profits in that year‎.

At the Budget we committed to removing the tax benefits of disguised earnings for employees, and I am now going to do the same for the self-employed and employers, raising a further £630 million over the forecast period.