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At the Budget we committed to removing the tax benefits of disguised earnings for employees, and I am now going to do the same for the self-employed and employers, raising a further £630 million over the forecast period.

These measures – and others set out in the Autumn Statement document – raise around £2 billion over the forecast period.

I hope our activity will help support the development of new visitor moorings being established and an increase in the number of boats using the river.

The Department for Transport will continue to work with Transport for the North to develop detailed options for Northern Powerhouse Rail.

New fiscal targets are needed to provide the flexibility to support the economy and create space for more investment in roads, rail, research, and housing.