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At the Budget we committed to removing the tax benefits of disguised earnings for employees, and I am now going to do the same for the self-employed and employers, raising a further £630 million over the forecast period.

Stripping out the effects of the Bank of England interventions, underlying debt peaks this year at 82.4% of GDP and falls thereafter to 77.7% by 2021-22.

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.

Jim Pennycook, Head of Operations at CDE, introduced CDE and give an overview of proof-of-concept research funding opportunities for innovative science and technology providers.

Because, ultimately, tackling water insecurity at a global level will need to be a joint effort and a joint investment, one requiring regional cooperation. Holding this Security Council session is an important step towards that collective, cooperative effort. And we shouldn’t underestimate the scale of the challenge ahead. The global investment deficit for water governance and infrastructure alone is $198 billion per year.