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By injecting an additional £400m into venture capital funds through the British Business Bank, unlocking £1 billion of new finance for growing firms.

The announcement was made at a Defence Growth Partnership Ministerial meeting which was attended by a number of key defence suppliers.

By freezing fuel duty for the seventh year running, the UK government will help save the average driver in Wales up to £10 every time they fill up their car. The National Living Wage is increasing from £7.20 to £7.50.

The detail will be announced at the Budget, but we expect our new Investment Bond will have an interest rate of around 2.2% gross and a term of 3 years.

We are listening to as many organisations, companies and institutions as possible – from the large PLCs to small business, from the devolved administrations through to councils, local government and the major metropolitan bodies – to build a national consensus around our negotiating position. We are doing this through meetings, visits and a series of sector roundtables, led by the Secretary of State. You can read more about the work of each roundtable, as well as future roundtables and Ministerial visits here.