Scotland will receive an extra £320m from the UK Government, the chancellor has announced.

Delivering his Spring Budget on Wednesday, Jeremy Hunt unveiled a range of measures to tackle the cost of living crisis, grow the economy and draw people back to work.

The chancellor said the UK had avoided a technical recession after the Office for Budget Responsibility (OBR) forecast higher growth than anticipated.

The fiscal watchdog predicts inflation will fall from 10.7% at the end of last year to 2.9% by the end of 2023.

The UK economy is expected to grow 1.8% in 2024 and 2.5% in 2025, the OBR forecasts.

Speaking in the House of Commons, the chancellor announced new funding for the Scottish Government, delivered through Barnett consequentials.

He revealed 12 new investment zones will be set up across the UK, including at least one in Scotland, one in Northern Ireland and one in Wales.

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