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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.

By mooring at any one of the sites, boaters are entering into a contractual agreement to abide by these conditions, which are enforceable under civil proceedings. Any enforcement action will be carried out by NSL Ltd, under existing arrangements, but under the pilot, Thames Visitor Moorings will assist Environment Agency staff to carry out spot checks to identify any non-compliance, details of which will be passed by the Environment Agency to to NSL Ltd for them to act on.

We estimate that the £7.50 rate will raise coverage - the number of workers paid at or below the NLW - by up to 390,000, from 1.6 million jobs (6.7 per cent of the cohort) in April 2016 to up to 2.0 million (8.3 per cent) in April 2017. Looking at progress towards the 60 per cent target, we estimate that the £7.50 rate will represent an increase in the relative value of the NLW for workers aged 25 and over of 1.1 percentage points, up from 55.8 per cent of the value of typical earnings (October 2016) to 56.8 per cent (October 2017).

The Prime Minister updated Prime Minister Michel on the process for the UK leaving the EU and reiterated that she intends to trigger Article 50 by the end of March next year. She confirmed that while we are leaving the EU we are not leaving Europe and want to maintain strong relationships with all member states as well as with the EU itself.

The Prime Minister hosted NATO Secretary General Jens Stoltenberg at Downing Street this afternoon for a wide-ranging discussion on security issues.