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So the government will consider how we can ensure that the taxation of different ways of working is fair between different individuals, and sustains the tax-base as the economy undergoes rapid change.

I use visitor moorings most of the year. I share the challenges and frustrations of boaters but also understand those of the Environment Agency and the wider riverside community. TVM is born out of my experience. It is genuinely ‘by boaters for boaters’ and is intended to make life easier for all of those who use the river and the organisations who manage it.

At every step of these negotiations we will work to ensure the best possible outcome for the people of the United Kingdom.

A firm foundation upon which my Rt Hon Friend the Business Secretary will work with industry to build our ambition of an economy that works for all.

Other changes, on which the Competition and Markets Authority (CMA) is opening a consultation today, will require banks to cap their monthly unarranged overdraft charges, help customers avoid unarranged overdraft charges by making banks text them when they are at risk of going overdrawn, and also help customers compare the service they get from their bank with other banks.