Prime Minister David Cameron said: "This is a massive vote of confidence in our long-term economic plan.
"This investment is going to create lots of new jobs and opportunities, meaning more financial security and peace of mind for families and a more resilient economy for our country."
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The FA have suspended Joey Barton from "all football activity" for 18 months after he admitted a misconduct charge in relation to betting.
Wednesday's showdown in Parliament could be the last time the pair face each other across the dispatch box.
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