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The decision follows a rigorous assessment of the IGas proposals and detailed consideration of all comments submitted during two rounds of public consultations.

Today I can announce the National Living Wage will increase from £7.20 to £7.50 in April next year. That’s a pay rise worth over £500 a year to a full-time worker.

The growth corridor between Cambridge Milton Keynes and Oxford could help fire the British economy, but only if we back it with the homes and infrastructure it needs to thrive. Last week the NIC presented the compelling case for investment in East West rail and the Oxford Cambridge Expressway, as part of a wider joined up plan to help this region succeed. This is a once in a generation opportunity and the government is absolutely right to accept those recommendations.

These measures – and others set out in the Autumn Statement document – raise around £2 billion over the forecast period.

And once it’s rolled-out, we will keep it under review to ensure it’s delivering the support they need to working families.