The Chancellor’s speech comes just weeks after the Bank of England downgraded its growth rating for the UK economy.

The group said it was targeting another 5 to 6 in savings over the year, after slashing costs by 5.2 last year.

BrewDog will shut 38 bars across the UK. This includes one in Cheltenham, leaving 484 people out of work after the company fell into administration and was partially taken over by US drinks company ...