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The project is funded by the Skills Funding Agency and National Apprenticeship Service and will offer young people in the North, Midlands, London and the South the skills they need to get on in work.

Additionally, the government will meet its manifesto commitment to increase the personal allowance to £12,500. Over the last Parliament, 700,000 individuals in Northern Ireland saw an average gain of £522, due to increase to the personal allowance

The project will work with teachers, careers advisers, parents and governors, alongside other key partners, to support schools and ensure that they meet their statutory duties regarding the provision of impartial Information Advice and Guidance (IAG), specifically in relation to apprenticeships and traineeships.

That reflects the challenge we face of resolving how best to protect the recovery, build on the economy’s strengths, yet at the same time respond appropriately to the warnings of a more difficult period ahead.

The single fiscal event and new timetable to bring forward tax changes so they are legislated for before the start of the tax year will be beneficial to tax stakeholders. Making the transition to the new timetable will require adjustments to the normal tax policy making process due to the shorter interval between the two Budgets. Arrangements will be decided individually for different policies and set out to stakeholders by HMRC. In the normal way, these will where possible provide for consultation on policy proposals and on draft legislation.