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The UK government’s decision to focus on infrastructure spending means that the Northern Ireland Executive’s budget will increase by more than £250 million through to 2020-2021, giving it greater spending power to boost productivity and promote growth in Northern Ireland.

The rules for exiting the EU are set out in Article 50 of the Treaty on European Union. This is the only lawful route for withdrawal from the EU under the Treaties.

It is a piece of legislation which will stop the European Communities Act 1972 from applying in the UK on the day we leave the EU. This ‘Great Repeal Bill’ will end the authority of EU law and return power to the UK.

As part of the Strategic Defence and Security Review 2015 (SDSR15), the Government committed to develop a refreshed defence industrial policy. This will make clear that competition remains our preferred approach, delivering value for money and incentivising an innovative and productive industrial base. It will outline the further action we will take to help the UK’s defence and security industries, in particular Small and Medium Sized Enterprises (SMEs), to grow and compete successfully. The development of this policy is an important contribution to the new National Security Objective to promote our prosperity and is closely linked with other work in the MOD to promote innovation, exports and skills.

Second, that public sector net debt as a share of GDP must be falling by the end of this Parliament.