Budget 2020: Key points
By Tom Lowe2020-03-11T18:58:00
Rookie chancellor’s first Budget promised ‘jam tomorrow’ for construction
Rishi Sunak’s first Budget began with a series of huge spending measures to counter the impact of coronavirus on the economy, before he revealed his plans for construction, including £600bn for infrastructure, the largest investment since 1955.
Housing will get a £9.5bn boost for the Affordable Homes Programme, taking it to £12bn from 2021-22, while £1bn was pledged to remove all unsafe cladding from public and private buildings over 18m high. And contractors will be relieved to hear that fuel duty freeze will remain in place.
Here is a summary of our main takeaways for construction:
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