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And so the government will review public spending priorities and other commitments for the next Parliament in light of the evolving fiscal position at the next Spending Review.
At every step of these negotiations we will work to ensure the best possible outcome for the people of the United Kingdom.
The rates of relief will be set at 20% for non-touring exhibitions and 25% for touring exhibitions. The relief will be capped at £500,000 of qualifying expenditure per exhibition.
2016 is the first time the event is taking place in Tbilisi, Georgia. The UK and Georgia will discuss cooperation on security and defence, economic and commercial ties, and the mutual values which underpin an increasingly strong bilateral relationship.
The main rate of corporation tax has already been cut from 28% in 2010 to 20%, and will be cut again to 17% by 2020, by far the lowest in the G20 and benefitting over 1 million businesses.
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