Brexit: Dominic Raab 'expects deal by 21 November'

Media playback is unsupported on your device                  Media caption What to expect in the Budget

Chancellor Philip Hammond has announced a "digital services tax" which will apply only to technology giants that are profitable and generate at least £500 million a year in global revenues, which he hopes will raise £400 million.

Slack maintained the line that the governments seek a Brexit deal as soon as possible.

In the Budget statement the chancellor signalled austerity was "coming to an end", and said the government would deliver a "double deal dividend" if an agreement was reached with the European Union: "a boost from the end of uncertainty; and a boost from releasing some of the fiscal headroom I am holding in reserve".

"We have resolved most of the issues and we are building up together what the future relationship should look like and making real progress", he added.

Mr Johnson said that the rise in income tax thresholds announced by Mr Hammond would benefit the wealthy more than those less well-off, with a typical higher rate taxpayer gaining £176 a year and a basic rate payer gaining just £24.

On a narrow definition, Mr Hammond's package could be seen as an "end to austerity, said Mr Johnson".

In response to criticism from all sides - including former prime minister Sir John Major - Mr Hammond promised billions to address concerns about the rollout of the flagship Universal Credit welfare reform.

An additional £1 billion was announced for the Ministry of Defence for the remainder of the year, and Hammond specifically referred to cyber capabilities and the sea deterrent Dreadnought programme.

Mrs May insists she will not accept an EU proposal which would establish a customs border between Northern Ireland and the British mainland, while Brussels is resisting her plan to keep the whole United Kingdom temporarily in a customs union.

Angela Merkel 'To Step Down From Christian Democrat Party In December'
A three-way coalition with the Greens and the pro-business Free Democrats was already on the cards before bedtime Sunday night. The announcement comes after her party's vote dropped 10 percent during an election on Tuesday in the German state of Hesse.

And he hinted that an emergency Budget could take place in the spring "if the economic or fiscal outlook changes materially in-year".

"All of the spending commitments that the Chancellor will set out today are funded irrespective of a deal", said the PM's spokesman.

The Chancellor also insisted that his Budget tax cuts and spending hikes were not meant to woo voters ahead of an early poll.

Borrowing this year is expected to be £11.6bn lower than forecast by the OBR in the Spring Statement.

- Debt peaked in 2016/17 at 85.2% of GDP and then falls in every year of the forecast from 83.7% this year; to 74.1% in 2023/24, allowing the Government to meet its target to get debt falling three years early.

A £420 million fund will help local highway authorities fix potholes and carry out other maintenance tasks. "So what we Australians say, and other friends of Britain around the world say, is - be adventurous, recover the spirit of the merchant adventurers that made this nation great".

The Chancellor said the "era of austerity is coming to an end", and added: "The hard work of the British people is paying off in hard cash in their pockets".

And Liberal Democrat leader Sir Vince Cable said: "This was all very modest stuff, with more in it for potholes than schools and the police".

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