View more on these topics

Chancellor announces £23bn national productivity investment fund

Philip Hammond 620px

In today’s Autumn Statement Chancellor Philip Hammond has committed £23bn over the next five years to a new national productivity investment fund.

Hammond said: “We are investing today for the economy of the future”. He added that investing in infrastructure will directly benefit businesses, and that while the number of homes built last year hit an eight-year high “we must go further still”.

The Government will focus on local government infrastructure, with £2.3bn allocated to a housing infrastructure fund, to deliver housing in areas of high demand.

A further £1.8bn has been allocated to English regions from the Government’s local growth fund and £1.1bn of extra investment in local transport networks, with £220m to be spent on reducing traffic pinch points and £27m for an expressway between Oxford, Milton Keynes and Cambridge.

Hammond says he is committed to making sure “Britain is the number one destination for business”.

Recommended

The smarter way to train new advisers

We have just recruited the fourth intake of graduates to our trainee adviser programme. In this age of spiralling costs and tightening of belts, this might seem like a surprising decision, but it makes perfect sense for us. It is not just about having a source of advisers in the future. Our graduate trainees provide […]

Ian-McKenna-in-2013-700.jpg

The new software taking on the automated advice market

This year has seen an increase in collaboration between regulators across the world. Those in Australia, Singapore and the UK have each established co-operation deals, in particular around their respective approach to financial technology. Such arrangements should create greater consistency of regulation, which, in turn, is likely to lead to the rise of global financial […]

Tony Wickenden: Top tips on the transferable nil-rate band

Last week I looked at the fundamentals of how the transferable nil-rate band works. This week, I would like to remind you how it is claimed. For many married couples and civil partners, the inheritance tax reforms introduced by the Finance Act 2008 suggested a return to much simpler estate planning. There may still be […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment