GOV.UK Lorem

There will be no immediate change. The UK will remain a member of the EU until its exit and so continues to pay into the EU and continues to receive funds. The UK will continue to have all of the rights, obligations and benefits that membership brings, up until the point we leave the EU.

Our countries are deeply connected, by history, by our diasporas and by our businesses. It was no accident that Theresa May’s first visit as Prime Minister outside of Europe was to India, a clear statement of our commitment to and belief in India as an equal partner. Our future stability and prosperity are mutually reinforcing. The UK is the largest G20 investor in India, investing more than the US and Japan together, while India invests more into the UK than it does the rest of Europe combined. Two weeks ago, I was with both our Prime Ministers at the TECH Summit, an event that showcased the best of Indian and UK innovation in a variety of key sectors including healthcare and life sciences, automotive, energy, water and smart cities. Innovation and entrepreneurship sat at the heart of the Summit, including in a two day hackathon. As Narendra Modi said ‘Science, technology and innovation have a significant role in India’s bilateral engagement with the UK’.

Following consultation with stakeholders, ultra-low emission cars, pensions saving, childcare and the cycle to work scheme will be excluded from this change. And certain long-term arrangements will be protected until April 2021.

I hope our activity will help support the development of new visitor moorings being established and an increase in the number of boats using the river.

It is an Autumn Statement that contains measures that will help people all over Wales, making it easier for them to save for the future, giving people on the National Living Wage a pay rise and supporting the pioneering work of Wales’ great universities by investing in research and innovation.