What we called for and what government announced.
04 Sep 2019, 3 min read
Any fiscal event – whether a Budget or a Spending Review – is a great opportunity to see some results and achieve real change. Although this year’s Spending Review was lower key, only covering a one-year period (typically they span the next five years), there were still some important funding announcements that will be welcome news for businesses across the UK.
Investing in further education
- Investing in technical education has been a priority for business, and the CBI used this Spending Review to call for an increase in education spending for 16-18-year-olds. Business will be delighted to see the government investing £400m in further education for 2020/21.
More money for schools
- With the CBI’s Unlocking Regional Growth report identifying primary and secondary education as key drivers of regional productivity, it is great to see this new government increasing school funding by £2.6bn in 2020/21.
Strengthening the UK’s international image
- With UK’s imminent departure from the EU, strengthening trade ties and global relationships has never been more vital.
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