Find out what was announced, where the CBI had impact, and the implications for your business.
Billed as a genuine Budget for growth, the statement made significant steps to address some of the blockers plaguing UK growth. In his Statement, the Chancellor focused his efforts on addressing labour market supply and business investment.
Two of the CBI’s flagship policies for this budget – full expensing and childcare reform – were announced. These measures, alongside other key announcements, will help secure growth and boost living standards.
While there were some big announcements on the investment and labour side, there was little on skills. Particularly, how we boost skills investment and reskill/upskill employees with reform of the Apprenticeship Levy. The CBI will continue to engage with both HM Treasury and the No10 Policy Unit on this.
Other, quieter areas were green markets, energy efficiency, how the UK will respond to the US Inflation Reduction Act and subsequent EU response. The Chancellor has signalled that 'green' will
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