Tag : Autumn statement 2016
With Brexit negotiations set to dominate British politics for the foreseeable future, the government under pressure to demonstrate the resilience of the UK economy and George Osborne now on the backbenches, there was always a question about whether devolution would be as high profile in this year’s autumn statement as it has been in other keynote Treasury speeches in recent years.
Never the place for sudden, revolutionary transformations, the UK has always shied away from massive infrastructure investment programmes.
In announcing last week plans to boost Britain’s productivity through greater support for housebuilding and infrastructure, the chancellor was crafting a long overdue, holistic approach that recognised the links between these priorities.
As the dust settles on the autumn statement, what does it mean for local public services?
Almost half of the £7.2bn for investment in housing announced at the autumn statement is either not new money or does not belong to the government
Whilst there was positive news in the autumn statement for affordable housing, pay to stay and further investment in transport and digital infrastructure, the chancellor remained eerily silent on adult social care.
The big headline from Wednesday’s autumn statement was a significant upwards revision to government borrowing forecasts over the next few years.
This was never going to be an easy autumn statement for the new chancellor, Philip Hammond.
Philip Hammond has said discussions are ongoing in the government over social care funding, after defending his decision not to act in the autumn statement to alleviate immediate pressures on the system.
Housing supply is a major social challenge that must be addressed by long-term, systematic planning and immediate interventions to stem the tide.