"I cannot justify a significant across the board pay increase for all public sector workers," says Sunak. 1m NHS workers getting pay rise, he says, but pay rises in rest of public sector paused and 2.1m public sector who earn below £24,000 will get pay rise of at least £250.
Increasing national living wage by 2.2% to £8.91 an hour, and extend this to those aged 23 and over, in line with Low Pay Commission recommendations.
Here we go, aid spending cut: "At a time of unprecedented crisis, government must make tough choices." Sunak says "sticking rigidly" to 0.7% is "difficult to justify to the British people".
Chancellor says foreign aid spending cut is justified because the PM has announced £24bn in investment in defence over next four years.
Sunak announces new UK infrastructure bank for capital projects, as expected.
Sunak announces new 'levelling up' fund worth £4bn. Any local area will be able to bid directly. Managed jointly by Treasury, DfT and DHCLG. Represents "holistic approach".
"We’re defending free speech and democratic rule," says Chancellor. opendemocracy.net/en/dark-money-…
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