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We know that local people and other road users will be delighted that work to resolve this long-running problem will get underway this month.

The Prime Minister and Secretary General Stoltenberg spoke about the importance of NATO members meeting the 2 per cent commitment and agreed to continue to encourage allies to increase defence spending.

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.

Businesses, economy and tax experts like the International Monetary Fund, Institute for Government, the CBI, Chartered Institute of Taxation and the IFS have all been calling for this change. It will mean businesses and people face less frequent changes to the tax system, helping to promote certainty and stability.

£68.2 billion this year; falling to £59 billion next year; £46.5 billion in 2018-19; then £21.9 billion; £20.7 billion, and finally £17.2 billion in 2021-22.