It's a big day for businesses with the creation of new "investment zones", that will allow planning rules to be relaxed and will reduce business taxes to encourage investment in parts of the country.
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The chancellor says the government is involved in early discussions with regions across England to establish the new zones, as well as the devolved administrations in Scotland, Wales and Northern Ireland.
Asif Hamid, chief executive of The Contact Company, a Merseyside-based customer service company which employs over 1,000 people, said he would be "really interested" if his region became an investment zone.
"We have got some amazing assets," he told the BBC.
"If someone could supercharge these assets and capabilities and attract investment and encourage innovation... we have to change and it's part of levelling up."
Hamid said it was important, that local people who "understand what the economy and the areas of businesses are" are consulted by the government in producing policies aiming to grow different industries.
"I think that's where the government could make real value on this one," he added.