Hunt’s Budget shifted emphasis from recovery to re-set

By Simon Rawlinson2023-03-16T11:29:00

Many of the chancellor’s announcements will only bear fruit in the longer term. Whether that is in time to save the Tories at the next general election remains to be seen, writes Simon Rawlinson of Arcadis

The most important announcement for the construction industry in Jeremy Hunt’s Budget yesterday was confirmation that capital expenditure would continue to be frozen in real terms in the next spending period. Spending will remain historically high, but it will fall each year.

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