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Low interest rates have helped our economy recover, but they’ve significantly reduced the interest people can earn on their cash savings.

I can announce today a new National Productivity Investment Fund of £23 billion to be spent on innovation and infrastructure over the next five years.

I’ve got high expectations of this pilot. We’re using a first rate provider who really understands the needs of boaters, and ourselves.

The Low Pay Commission (LPC), the body that advises the Government on the level of the minimum wage, today welcomed the acceptance of its recommendations for the rates to apply from April 2017. These include a 4.2 per cent increase in the National Living Wage (NLW), the rate for workers aged 25 and over, from £7.20 to £7.50.

The weather will continue to improve this week, but people should avoid walking near swollen rivers and should not risk driving or walking through flood water. Strong winds and large waves will also ease around the coast today, but people should take care when walking by the sea. Information about flood warnings and alerts is updated every 15 minutes on GOV.UK and people can check their postcodes and sign up to receive free flood warnings.