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But they are also useful for providers to help you ensure you have made the necessary checks and enclosed the required documentation.

We were also asked to provide an indicative rate for the National Living Wage from April 2018. This is inevitably uncertain because pay forecasts are likely to change, but using those available in October we project that the on-course rate will lie in a range of £7.80-£7.91. Using its forecasts published today, the OBR estimates a figure of £7.90. For 2020, the LPC’s projected rate for 60 per cent of median earnings is £8.61, within a range of £8.50 to £8.73. Using its forecasts published today, the OBR estimates a slightly higher figure, of £8.80.

Our goal is to make it easier for businesses to work with defence and make defence business more attractive to a wider range of suppliers, which is why this external consultation is so important.

First, the public finances should be returned to balance as early as possible in the next Parliament, and, in the interim, cyclically-adjusted borrowing should be below 2% by the end of this Parliament.

Cities in Wales will also see the impact of UK government support to unlock their potential, with talks progressing well for a city deal with Swansea, building on the success of the £1.2 billion deal for the Cardiff Capital Region. The UK government will also consider proposals for a growth deal for North Wales.