25 October 2017

Update

CBI's Autumn Budget Submission

The CBI calls for the chancellor to be bold and take action to grow the UK out of austerity.

CBI's Autumn Budget Submission

The Autumn Budget on Wednesday 22 November, promises to be a significant event in the political calendar.

Coming at a critical time in the UK-EU negotiations, and with higher inflation eroding consumer spending growth, November’s Budget will be an important opportunity for the chancellor to set out the government’s economic offer to the electorate.

Against this backdrop, business is urging the government to use the Budget to shore-up business confidence in the face of growing uncertainty and to put in place the measures to grow the UK out of austerity.

Publishing the CBI’s submission in advance of the chancellor’s statement next month, Carolyn Fairbairn, CBI director-general, set out a series of measures to reinforce the UK economy against future challenges by bringing the UK’s new Industrial Strategy to life through concrete action.

Read the CBI’s Autumn Budget submission

To help firms navigate the uncertain economic environment and improve productivity growth, the chancellor to get on with doing what it has promised – greenlighting large and small infrastructure projects, implementing the ground-breaking T-Levels programme and providing practical support for innovators.

Other key policy recommendations include the protection of per pupil funding schools’ capital budgets to be replenished, immediate action on business rates to provide a boost to firms’ competitiveness and a clear strategy for long-term reforms that are needed for the UK to remain open for business.

For more information contact Annie.Gascoyne@cbi.org.uk