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The rates of relief will be set at 20% for non-touring exhibitions and 25% for touring exhibitions. The relief will be capped at £500,000 of qualifying expenditure per exhibition.

Further measures in today’s consultation include requiring banks to publish rates for small and medium-sized enterprise (SME) lending products and to develop tools to allow for easier comparison of SME banking products.

For the people affected by this issue today, it’s about much more than money. It’s about life and death. Take the villagers of Kiangwe, in Lamu County in Kenya. Water scarcity there means that inhabitants spend sleepless nights walking to dried up wells in the hope of securing just a few bottles of water. It means them choosing to risk their lives by walking through territory full of Al Shabaab fighters. It means leaving their children at home, alone, hungry and thirsty.

The OBR’s forecast of higher borrowing and slower asset sales, together with the temporary effect of the Bank of England’s action to stimulate growth, translates into an increased forecast for debt in the near-term.

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.