What the Chancellor announced, where the CBI had impact, and what it means for your business
The CBI's Spending Review campaign asked the government to hardwire growth into all government departments. Today, the Chancellor signalled a downpayment on achieving this ambition, setting out how the government will deliver its priorities for the remainder of this parliament.
As announced at the Spring Statement, capital expenditure and day-to-day spending will increase over the Spending Review period, with the government to 'invest in Britain's renewal: its security, health, and economy'.
Supporting this renewal, the government has backed several of the CBI's asks, including delivering a public R&D settlement that crowds in private sector innovation; pushing HMRC digitalisation to streamline tax administration; and backing clean energy technologies required to further grow the UK's net zero economy.
However, the government needs to go further in supporting businesses to play a central role in delivering its growth mission. It must provide effective support to mitigate the UK's high energy costs that are placing an anchor on our ambition an
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