GOV.UK Lorem
Sourcing your five-a-day filler text snippets from UK Government announcements. Served randomly. Not endorsed by GOV.UK.
To support new mayoral combined authorities in England, I can announce that we will grant them new borrowing powers to reflect their new responsibilities.
The OBR forecasts that debt will rise from 84.2% of GDP last year to 87.3% this year, peaking at 90.2% in 2017-18 as the Bank of England’s monetary policy interventions approach their full effect.
Our future transport, business and lifestyle needs will require world class digital infrastructure to underpin them. So my ambition is for the UK to be a world leader in 5G.
Since 2010 we’ve cut income tax for 28 million people and taken 4 million people out of income tax altogether.
And I can confirm today that, despite the challenging fiscal forecasts, we will deliver on our commitment to raising the allowance to £12,500, and the higher rate threshold to £50,000, by the end of this Parliament.
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