The government must use October’s joint Budget and Comprehensive Spending Review to transform the UK economy over the decade ahead.
On the 27 October, the Chancellor of the Exchequer will set out the government’s 3-year spending plans at the Spending Review alongside an Autumn Budget. In response, this week the CBI launched its joint submission to the Autumn’s fiscal events, calling on government to kickstart an investment revolution across and within the UK.
Decisions made this Autumn at the Budget and Comprehensive Spending Review (CSR), will define our trajectory for the decade ahead. They bring an opportunity to generate higher investment, stronger growth, and UK leadership in new markets. If we miss this chance, we’ll fall back into old patterns of tax rises and austerity, chronic underinvestment, regional inequality, and a risk we miss our net zero target. When we look back on this decade, it’s crucial we see a government that took decisive action and unlocked investment. A government that went for growth and made big bets for the UK.
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