Understand the key takeaways for business from the 2020 Spending Review announcement, what the CBI called for and how it will impact the UK economy.
25 Nov 2020, 4 min read
Today we saw the Chancellor set out his stall for the UK economy, rightly prioritising fighting the pandemic and investing in the UK’s recovery. The spending review sets departmental budgets, establishing a long-term vision for government spending. However, this year’s spending review only covered one year (typically they span five years) given the uncertainty surrounding the pandemic. Despite this, the overall tone of the Chancellor’s speech was largely positive for business, reflecting many of the funding commitments the business community has been calling for.
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