While the long-awaited multi-year spending review has been postponed until 2020, the government has to undertake a one-year spending review this year to ensure departmental funding does not run out in April 2020.
The Chancellor recently confirmed that this would be taking place in early September; a sign that government very much wants to conduct this review quietly. And while there was no formal submission period, the CBI still submitted a number of recommendations for a one-year period to ensure business priorities were clear. Business would have clearly preferred a multi-annual spending review, providing greater clarity on government strategy and certainty for business decision making. But even in a one-year period, there are a number of areas where government action is urgently needed. And above all else, what is vital is government demonstrating that the domestic agenda is still of high importance.
What the CBI has called for
The regional council round in Q2 and countless