A decade of renewal – CBI submission to the upcoming Budget

The CBI has submitted representations to HM Treasury ahead of the Budget on 11 March.

A historical Budget

After a year of stop-start fiscal events, the upcoming Budget is set to be hugely impactful. Not only because of the lack of Budget last year, but also because of the ambitious agenda of this new government – from huge spending increases in R&D to the government’s levelling up agenda, we could see big policy announcements in this Budget.

The business view: kickstarting a new decade of growth and investment

Over the past year, four big priorities have emerged:

People

This government has spoken again and again about the need to invest in people and skills, so we have called on the government to:

• Introduce the National Skills Fund and consult with businesses
• Build on the manifesto commitment and invest in the Further Education Estates by increasing per pupil funding
• Launch a comprehensive review of the Apprenticeship Levy.

Climate

The net zero tar