Chancellor Rishi Sunak announced a slew of technology-related measures in this year s Budget, which also included a visa review for highly-skilled tech professionals and a £375m fund to back innovative businesses.
By Jordan Marshall2021-03-03T19:32:00+00:00
Take a look at some of the key policy announcements for construction
A national infrastructure bank, ongoing covid-19 support and a longer than expected stamp duty holiday extension were all among the headlines from today’s budget.
Speaking in the House of Commons this afternoon chancellor Rishi Sunak made several announcements that are sure to impact construction.
Here are some of the key measures that will affect architects, their collaborators and clients.
Rishi Sunak made several policy announcements that will be significant for construction
Sunak confirmed the furlough scheme will be extended until the end of September with no changes to the terms. Employees will continue to receive 80% of their salary for hours not worked until the scheme ends. Employers will be asked to contribute 10% of this amount from July and 20% from August. Sunak said the furlough extension was to “accommodate even the most cautious view about
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Rishi Sunak made his traditional pre-Budget pose outside Number 11 Downing Street with the red briefcase before heading to the House of Commons to unveil the Budget for the coming year.
A new UK Infrastructure Bank to boost net zero investment and green savings bonds were among the measures he announced.
The new Budget aims to protect jobs and livelihoods, fix public finances and lay the foundation for a future economy.
Mr Sunak began his speech by saying the government would do ‘whatever it takes’ to set ambitious goals for the coming months.
But what does the industry think?