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In view of the uncertainty facing the economy, and in the face of slower growth forecasts, we no longer seek to deliver a surplus in 2019-20.

The new rate will increase pay for typical minimum wage workers (26 hours) by nearly £300 per year rising to nearly £600 for full-time minimum wage workers. An increase of 4.2 per cent is, after the introduction of the National Living Wage in April, the largest increase in the main rate of the minimum wage since 2006.

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.

Should IGas receive the appropriate planning permission and begin the permitted activities, we will stringently enforce the conditions of the permit to ensure that waste is managed properly and local groundwater is protected.

We are committed to supporting Georgia as it seeks to strengthen democratic institutions, undertake important reforms, and further protect human rights and media freedom. That is why we are continuing our Good Governance Fund, which will provide up to £4.5million over the next year to help these reforms.