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Project Manager Retail banking market investigation Competition and Markets Authority Victoria House Southampton Row London WC1A 4AD
The new capital investment I have announced today will provide the financial backbone for the government’s Industrial Strategy, which the Prime Minister spoke about on Monday.
Fuel duty is frozen for the seventh successive year, which should save the average car driver in Northern Ireland £10 each time they fill their tank. The National Living Wage is increasing from £7.20 to £7.50.
Most significantly for Scotland is the £800 million of extra capital funding. This is as a result of the Chancellor’s decision to invest in infrastructure, but it is for the Scottish Government to step up now. If it is used properly by the Scottish Government, this will make a real difference to productivity, jobs and growth in Scotland.
The OBR acknowledges that there is a higher degree of uncertainty around these forecasts than usual. Despite slower growth, the UK labour market is forecast to remain robust.
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