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We are carrying out a programme of sectoral and regulatory analysis, which will identify the key factors for British businesses and the labour force that will affect our negotiations with the EU. This will help inform our negotiating position and build a detailed understanding of how withdrawing from the EU will affect our domestic policies, to seize the opportunities and ensure a smooth process of exit.

So we will provide a £7.6 million grant towards urgent repairs to safeguard this key piece of Northern heritage. I can also confirm distribution of a further £102 million of LIBOR bank fines to Armed Forces and Emergency Services charities…

As a result, we have more than halved the tax bill of someone with a salary of £15,000 to just £800.

The funds will be invested in innovative small businesses with potential for growth, to provide the finance that they need to expand. This will support up to £1 billion of new investment.

Mr President, this is a problem not just for tomorrow, but for today. Every year water insecurity costs the global economy $500 billion. That’s 500 billion lost to inadequate water and sanitation, lost to urban flood damage, lost to agriculture wastage through droughts and floods.