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Progress since Autumn Budget 2017
14 Mar 2018
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Progress since Autumn Budget 2017

Progress since Autumn Budget 2017 items cited included:

  • Housing challenges: progress is being made to meet housing needs by working with local authorities and other parties. Mention was made of the 60,000 first time buyers who have benefitted from the stamp duty concessions announced last year.
  • Helping households: cited increases in basic tax allowances at the last budget and increases in the National Living Wage to £7.83 per hour.
  • The Chancellor also announced that the next business rates revaluation will take place a year earlier than planned, in 2021, with further reviews every three years starting 2024.
  • Improving transport in English cities; plans to allocate the £1.7bn of funding announced in the Autumn Budget 2017. Half the funding has been allocated to Combined Authorities with mayors, the balance to cities across the UK via an invitation to bid.
  • Improving the UK’s digital connectivity. The aim is to roll out full-fibre to local areas.