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The UK has a range of offers for budding entrepreneurs, including the Sirius Programme which supports graduate entrepreneurs from around the world looking to start their venture in the UK, the Global Entrepreneurship Programme that helps overseas entrepreneurs and early stage technology businesses or start-ups that want to relocate their business to the UK. We also offer our largest global scholarship scheme anywhere in the world here in India, led by our flagship Chevening Scholarships and Fellowships for Future Leaders, as well as Commonwealth Scholarships and British Council awards. Please do help get the word out to your best and brightest students.

Britain is stepping up to deal with the threats we face. The Army and RAF are providing assurance to NATO allies; with troops going to Estonia and Poland and jets being deployed to the Black Sea. Our Royal Navy is taking on people traffickers and training new Libyan forces in the Mediterranean. The UK is ahead of the NATO spending target and we’re ensuring the Royal Navy is growing with cutting-edge new aircraft carriers, frigates and submarines launching over the next few years.

Once £12,500 has been reached, the personal allowance will rise automatically during the 2020s in line with inflation, rather than the National Minimum Wage as currently planned.

This is unfair, and so from April 2017 employers and employees who use these schemes will pay the same taxes as everyone else.

The Spring Statement will respond to the updated OBR forecast for the economy and the public finances. The Chancellor has said that the government will consider longer-term fiscal challenges and start consultations on how they can be addressed. The government will retain the option to make changes to fiscal policy at the Spring Statement if the economic circumstances require it.