GOV.UK Lorem
Sourcing your five-a-day filler text snippets from UK Government announcements. Served randomly. Not endorsed by GOV.UK.
If unexpected changes in the economy require it, then I will, of course, announce actions at the Spring Statement, but I won’t make significant changes twice a year just for the sake of it.
I can announce today a new National Productivity Investment Fund of £23 billion to be spent on innovation and infrastructure over the next five years.
By freezing fuel duty for the seventh year running, the UK government will help save the average driver in Wales up to £10 every time they fill up their car. The National Living Wage is increasing from £7.20 to £7.50.
Today’s announcement represents a crucial step in the formation of the NIC. Providing a clear remit and a long-term funding guideline for British infrastructure will help this country plan for the long term and deliver the systems and networks we need to compete.
But with our debt forecast to peak at 90% next year, and a deficit this year of 3.5%, I have reached my own judgement.
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