Reactions to the Autumn Budget announcement - Revision history

Designing Buildings at 06:33, 1 November 2024

2024-11-01T06:33:19Z

Editor at 05:10, 1 November 2024

2024-11-01T05:10:04Z

← Older revision		Revision as of 05:10, 1 November 2024
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	This section appears on the Building Property Federation web page as '[https://bpf.org.uk/media/press-releases/bpf-comment-on-the-uk-autumn-budget-2024/ BPF comment on the UK Autumn Budg][https://bpf.org.uk/media/press-releases/bpf-comment-on-the-uk-autumn-budget-2024/ et 2024]' dated 30 October, 2024.		This section appears on the Building Property Federation web page as '[https://bpf.org.uk/media/press-releases/bpf-comment-on-the-uk-autumn-budget-2024/ BPF comment on the UK Autumn Budg][https://bpf.org.uk/media/press-releases/bpf-comment-on-the-uk-autumn-budget-2024/ et 2024]' dated 30 October, 2024.
		+
		+	= RIBA responds to Autumn Budget 2024 =
		+
		+	Clear intent but more ambition needed to fix housing crisis. The Royal Institute of British Architects (RIBA) has responded to the Chancellor of the Exchequer’s 2024 Autumn Budget.
		+
		+	RIBA President Muyiwa Oki said:
		+
		+	“Given the huge demand for housing, the £500 million top-up to the Affordable Homes Programme – as part of today’s Budget – is desperately needed. But this pocket-sized sum isn’t going to deliver a home for everybody who needs one, including the hundreds of thousands of people waiting for social housing.
		+
		+	Alongside calling for next year’s Spending Review to boost the social housing pot, we urge the Government to consider its overall approach to funding social homes. This includes exploring different models that reduce the net cost of delivery, such as that outlined in our report, Foundations for the Future.
		+
		+	Fundamentally, housebuilding needs to be more than a numbers game. Places must be well-designed, well-connected, inclusive and accessible, which means ensuring sufficient infrastructure is developed alongside new homes. That means building on today’s infrastructure announcements – because, ultimately, we must create places where people want to live.”
		+
		+	-----
		+	This section appears on the RIBA news site as '[https://www.architecture.com/knowledge-and-resources/knowledge-landing-page/riba-responds-to-autumn-budget-2024?utm_source=linkedin&utm_medium=social&UTM_campaign=5d9b2371-b809-4970-9bfa-e13213005041 Clear intent but more ambition needed to fix housing crisis: RIBA responds to Autumn Budget 2024]' dated October 30, 2024.

	= The countryside charity reaction to the autumn budget 2024 =		= The countryside charity reaction to the autumn budget 2024 =

Editor at 19:05, 30 October 2024

2024-10-30T19:05:53Z

Editor at 19:05, 30 October 2024

2024-10-30T19:05:12Z

← Older revision		Revision as of 19:05, 30 October 2024
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	See also Designing Buildings article 2024 Autumn Budget. Extracts above are from Government Press Release "[https://www.gov.uk/government/news/chancellor-chooses-a-budget-to-rebuild-britain Chancellor chooses a Budget to rebuild Britain]" dated 30 October 2024.		See also Designing Buildings article 2024 Autumn Budget. Extracts above are from Government Press Release "[https://www.gov.uk/government/news/chancellor-chooses-a-budget-to-rebuild-britain Chancellor chooses a Budget to rebuild Britain]" dated 30 October 2024.

−	= ~~Reactions to~~ the ~~first Labour Autumn~~ budget =	+	= Key elements of the budget in brief =
		+
		+	* Warm Homes plan at 3.4 billion
		+	* Five billion+ for affordable housing
		+	* Schools maintenance, including RAAC issues, up by £300m to £2.1bn
		+	* 1.3 billion extra for councils (600m for social care and 230m to tackle homelessness)
		+	* Over ten new hydrogen projects
		+	* Hundreds of new planning officers promised
		+	* Infrastructure investment and NHS budget increased.
		+	* Taxes raised by £40bn, inflation target maintained at 2%
		+	* Minimum wage increased to £12.21
		+	* 15% employers’ national insurance contribution and payment threshold reduced.
		+	* Right-to-buy discount reduced, and council housing sales to be reinvested.
		+	* Lower threshold capital gains tax from 10-18%
		+	* Higher threshold capital gains tax from 20-24%
		+	* Rail upgrades including trans-Pennine
		+	* HS2 to go to Euston station
		+	* A £2.9bn increase in defence spending
		+	* Continuing the fuel duty freeze, and 5p cut idue to end in March
		+	* 5,000 extra compliance officers to increase tax revenues
		+	* Income tax and NI freezes not be extended
		+	* Debt rules changed.

	== CIOB reacts to Government's latest Budget announcement ==		== CIOB reacts to Government's latest Budget announcement ==

Editor at 18:45, 30 October 2024

2024-10-30T18:45:25Z

← Older revision		Revision as of 18:45, 30 October 2024
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−	[[File:~~Autumn Budget briefcase AI 1000~~.jpg]]	+	[[File:Autumn_Budget_briefcase_AI_1000.jpg\|link=File:Autumn_Budget_briefcase_AI_1000.jpg]]

	= A '[https://www.gov.uk/government/news/chancellor-chooses-a-budget-to-rebuild-britain Budget to rebuild Britain]' =		= A '[https://www.gov.uk/government/news/chancellor-chooses-a-budget-to-rebuild-britain Budget to rebuild Britain]' =
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	This section was issued via Press Release as 'ECA responds to Budget' dated 30 October 2024.		This section was issued via Press Release as 'ECA responds to Budget' dated 30 October 2024.
		+
		+	== CIAT response to Autumn Budget 2024 ==
		+
		+	Eddie Weir PCIAT, CIAT President said:
		+
		+	The UK’s built environment is in urgent need of revitalisation. CIAT therefore welcomes today’s Budget Statement, which has set a clear direction of travel for the built environment, underpinned by a new approach to infrastructure investment.
		+
		+	In particular, the Institute is pleased to see Government commit to repairing and upgrading schools and hospitals that are reaching the end of their lifespan, investing in home insulation and retrofit, and taking steps to tackle unsafe cladding, which still puts residents at risk, seven years after the Grenfell fire.
		+
		+	CIAT also welcomes the support for much needed new homes, through direct investment, guarantees for the SME contractors which are the backbone of the sector, and changes to right to buy to facilitate local authority investment in social housing.
		+
		+	These are ambitious commitments, and CIAT is therefore pleased to see increased funding for further education and apprenticeships, as well as investment in planning capacity.
		+
		+	Of course, there remains much to be done. Skills investment must be targeted to the green building design and construction jobs of the future. Government must continue to advance the standards of quality and sustainability in all new homes. And with around 10 million cold, damp and energy inefficient homes across the UK, retrofit activity must be radically scaled up in the coming years. Small businesses will also be concerned that increased taxes will place pressure on already tight profit margins.
		+
		+	Chartered Architectural Technologists have the skills and expertise to deliver the high quality, safe and sustainable buildings of the future. We look forward to working with Government to deliver their programme of modernisation over the course of this parliament.
		+
		+	-----
		+	This section appears on the CIAT news and blog site as '[https://architecturaltechnology.com/resource/ciat-response-to-autumn-budget-2024.html CIAT response to Autumn Budget 2024]' dated 30 October 2024.

	== Building Property Federation comment on the UK Autumn Budget 2024 ==		== Building Property Federation comment on the UK Autumn Budget 2024 ==

Editor at 18:43, 30 October 2024

2024-10-30T18:43:23Z

← Older revision		Revision as of 18:43, 30 October 2024
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		+	[[File:Autumn Budget briefcase AI 1000.jpg]]
		+
	= A '[https://www.gov.uk/government/news/chancellor-chooses-a-budget-to-rebuild-britain Budget to rebuild Britain]' =		= A '[https://www.gov.uk/government/news/chancellor-chooses-a-budget-to-rebuild-britain Budget to rebuild Britain]' =

Editor at 18:24, 30 October 2024

2024-10-30T18:24:57Z

← Older revision		Revision as of 18:24, 30 October 2024
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	"As outlined in our Charter to Recharge Electrical Skills, a system responsive to local and future demand is essential, as is industry’s role in shaping pathways and qualifications that lead directly to employability. Robust support for green skills is critical to preparing a workforce that can meet the demands of the net-zero transition, and we urge government collaboration with industry to close regional gaps and build a strong, skilled talent pipeline."		"As outlined in our Charter to Recharge Electrical Skills, a system responsive to local and future demand is essential, as is industry’s role in shaping pathways and qualifications that lead directly to employability. Robust support for green skills is critical to preparing a workforce that can meet the demands of the net-zero transition, and we urge government collaboration with industry to close regional gaps and build a strong, skilled talent pipeline."
		+
		+	-----
		+	This section was issued via Press Release as 'ECA responds to Budget' dated 30 October 2024.

	== Building Property Federation comment on the UK Autumn Budget 2024 ==		== Building Property Federation comment on the UK Autumn Budget 2024 ==

Editor at 18:23, 30 October 2024

2024-10-30T18:23:25Z

← Older revision		Revision as of 18:23, 30 October 2024
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	"The government is protecting working people’s living standards by raising the National Living Wage, cutting duty on draught pints, keeping bus fares down, and not increasing the main rates of income tax, employee national insurance, and VAT. The Budget will help rebuild Britain by boosting public investment by over £100 billion over the next five years while exceeding the manifesto commitment to fix an extra 1 million potholes per year with an additional £500 million for loca road maintenance in 2025-26."		"The government is protecting working people’s living standards by raising the National Living Wage, cutting duty on draught pints, keeping bus fares down, and not increasing the main rates of income tax, employee national insurance, and VAT. The Budget will help rebuild Britain by boosting public investment by over £100 billion over the next five years while exceeding the manifesto commitment to fix an extra 1 million potholes per year with an additional £500 million for loca road maintenance in 2025-26."

−	Extracts from Government Press Release "[https://www.gov.uk/government/news/chancellor-chooses-a-budget-to-rebuild-britain Chancellor chooses a Budget to rebuild Britain]" dated 30 October 2024~~. See also Designing Buildings article 2024 Autumn Budget~~.	+	See also Designing Buildings article 2024 Autumn Budget. Extracts above are from Government Press Release "[https://www.gov.uk/government/news/chancellor-chooses-a-budget-to-rebuild-britain Chancellor chooses a Budget to rebuild Britain]" dated 30 October 2024.

	= Reactions to the first Labour Autumn budget =		= Reactions to the first Labour Autumn budget =
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	-----		-----
	This section appears on the CIOB news and blogsite as '[https://www.ciob.org/news/ciob-reacts-to-governments-latest-budget-announcement CIOB reacts to Government's latest Budget announcement]' dated 30 October, 2024.		This section appears on the CIOB news and blogsite as '[https://www.ciob.org/news/ciob-reacts-to-governments-latest-budget-announcement CIOB reacts to Government's latest Budget announcement]' dated 30 October, 2024.
		+
		+	== ECA responds to Budget ==
		+
		+	In response to today's Budget announcement, ECA Chief Operating Officer Andrew Eldred said:
		+
		+	"ECA welcomes the Chancellor’s commitment to invest in industry, housing and electric transport. And her commitment to refocus levy funding away from Masters’ degrees towards trade apprenticeships, as announced earlier this year. These steps align with our call for a skills system that delivers on the practical needs of integrating green technologies for net-zero.
		+
		+	"However, this budget lacks crucial detail on how it will support skills access for smaller firms, which make up 99% of the electrical contracting sector. These businesses will now also carry the higher burden of Employer National Insurance and higher apprentice costs.
		+
		+	"As outlined in our Charter to Recharge Electrical Skills, a system responsive to local and future demand is essential, as is industry’s role in shaping pathways and qualifications that lead directly to employability. Robust support for green skills is critical to preparing a workforce that can meet the demands of the net-zero transition, and we urge government collaboration with industry to close regional gaps and build a strong, skilled talent pipeline."

	== Building Property Federation comment on the UK Autumn Budget 2024 ==		== Building Property Federation comment on the UK Autumn Budget 2024 ==

Editor: moved The industry reacts to Labour government Autumn Budget to Reactions to the Autumn Budget announcement

2024-10-30T16:00:59Z

moved The industry reacts to Labour government Autumn Budget to Reactions to the Autumn Budget announcement

← Older revision

Revision as of 16:00, 30 October 2024

Editor at 15:59, 30 October 2024

2024-10-30T15:59:52Z

← Older revision		Revision as of 15:59, 30 October 2024
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	"The government is protecting working people’s living standards by raising the National Living Wage, cutting duty on draught pints, keeping bus fares down, and not increasing the main rates of income tax, employee national insurance, and VAT. The Budget will help rebuild Britain by boosting public investment by over £100 billion over the next five years while exceeding the manifesto commitment to fix an extra 1 million potholes per year with an additional £500 million for loca road maintenance in 2025-26."		"The government is protecting working people’s living standards by raising the National Living Wage, cutting duty on draught pints, keeping bus fares down, and not increasing the main rates of income tax, employee national insurance, and VAT. The Budget will help rebuild Britain by boosting public investment by over £100 billion over the next five years while exceeding the manifesto commitment to fix an extra 1 million potholes per year with an additional £500 million for loca road maintenance in 2025-26."

−	Extracts from Government Press Release "[https://www.gov.uk/government/news/chancellor-chooses-a-budget-to-rebuild-britain Chancellor chooses a Budget to rebuild Britain]" dated 30 October 2024.	+	Extracts from Government Press Release "[https://www.gov.uk/government/news/chancellor-chooses-a-budget-to-rebuild-britain Chancellor chooses a Budget to rebuild Britain]" dated 30 October 2024. See also Designing Buildings article 2024 Autumn Budget.

	= Reactions to the first Labour Autumn budget =		= Reactions to the first Labour Autumn budget =

← Older revision		Revision as of 06:33, 1 November 2024
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	= A '[https://www.gov.uk/government/news/chancellor-chooses-a-budget-to-rebuild-britain Budget to rebuild Britain]' =		= A '[https://www.gov.uk/government/news/chancellor-chooses-a-budget-to-rebuild-britain Budget to rebuild Britain]' =

−	~~The~~ Chancellor ~~has~~ delivered a Budget which ~~is is quoted as being~~ 'to fix the foundations to deliver on the promise of change after a decade and a half of stagnation.' Setting out plans to 'fix the NHS and rebuild Britain, while ensuring working people don’t face higher taxes in their payslips.'	+	In Autumn 2024, the Chancellor delivered a Budget which 'to fix the foundations to deliver on the promise of change after a decade and a half of stagnation.' Setting out plans to 'fix the NHS and rebuild Britain, while ensuring working people don’t face higher taxes in their payslips.'

	"The government was handed a challenging inheritance; £22 billion of unfunded in-year spending pressures, debt at its highest since the 1960s, unrealistic plans for departmental spending, and stagnating living standards."		"The government was handed a challenging inheritance; £22 billion of unfunded in-year spending pressures, debt at its highest since the 1960s, unrealistic plans for departmental spending, and stagnating living standards."
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	* Taxes raised by £40bn, inflation target maintained at 2%		* Taxes raised by £40bn, inflation target maintained at 2%
	* Minimum wage increased to £12.21		* Minimum wage increased to £12.21
−	* 15% employers’ national insurance contribution and payment threshold reduced.	+	* 15% employers’ national insurance contribution and payment threshold reduced
−	* Right-to-buy discount reduced, and council housing sales to be reinvested.	+	* Right-to-buy discount reduced, and council housing sales to be reinvested
	* Lower threshold capital gains tax from 10-18%		* Lower threshold capital gains tax from 10-18%
	* Higher threshold capital gains tax from 20-24%		* Higher threshold capital gains tax from 20-24%
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	* HS2 to go to Euston station		* HS2 to go to Euston station
	* A £2.9bn increase in defence spending		* A £2.9bn increase in defence spending
−	* Continuing the fuel duty freeze, and 5p cut ~~idue~~ to end in March	+	* Continuing the fuel duty freeze, and 5p cut due to end in March
	* 5,000 extra compliance officers to increase tax revenues		* 5,000 extra compliance officers to increase tax revenues
	* Income tax and NI freezes not be extended		* Income tax and NI freezes not be extended
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	* Difference between cost plan and budget.		* Difference between cost plan and budget.
	* ECA joins calls for unprecedented action on energy prices in Spring Budget.		* ECA joins calls for unprecedented action on energy prices in Spring Budget.
−	* CIOB at the party conferences 2022.
	* CIOB comments on the Chancellor's Autumn Budget.		* CIOB comments on the Chancellor's Autumn Budget.
	* CIOB Ireland responds to Budget 2024.		* CIOB Ireland responds to Budget 2024.
−	* CIOB Ireland responds to Budget 2023.
−	* CIOB Ireland responds to Budget 2022.
	* CIOB responds to the 2024 Spring Budget announcement.		* CIOB responds to the 2024 Spring Budget announcement.
	* ECA responds to 2024 Spring Budget.		* ECA responds to 2024 Spring Budget.
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	* The autumn statement: What is it and does it effect construction ?		* The autumn statement: What is it and does it effect construction ?
	* The general election and why a shortage of electrical apprentices matters.		* The general election and why a shortage of electrical apprentices matters.
−
−	~~[[Category:Articles_needing_more_work]]~~

← Older revision		Revision as of 19:05, 30 October 2024
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	* Debt rules changed.		* Debt rules changed.

−	== CIOB reacts to Government's latest Budget announcement ==	+	= CIOB reacts to Government's latest Budget announcement =

	The Chartered Institute of Building (CIOB) has today reacted to the Government’s latest Budget announcement.		The Chartered Institute of Building (CIOB) has today reacted to the Government’s latest Budget announcement.
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	This section appears on the CIOB news and blogsite as '[https://www.ciob.org/news/ciob-reacts-to-governments-latest-budget-announcement CIOB reacts to Government's latest Budget announcement]' dated 30 October, 2024.		This section appears on the CIOB news and blogsite as '[https://www.ciob.org/news/ciob-reacts-to-governments-latest-budget-announcement CIOB reacts to Government's latest Budget announcement]' dated 30 October, 2024.

−	== ECA responds to Budget ==	+	= ECA responds to Budget =

	In response to today's Budget announcement, ECA Chief Operating Officer Andrew Eldred said:		In response to today's Budget announcement, ECA Chief Operating Officer Andrew Eldred said:
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	This section was issued via Press Release as 'ECA responds to Budget' dated 30 October 2024.		This section was issued via Press Release as 'ECA responds to Budget' dated 30 October 2024.

−	== CIAT response to Autumn Budget 2024 ==	+	= CIAT response to Autumn Budget 2024 =

	Eddie Weir PCIAT, CIAT President said:		Eddie Weir PCIAT, CIAT President said:
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	This section appears on the CIAT news and blog site as '[https://architecturaltechnology.com/resource/ciat-response-to-autumn-budget-2024.html CIAT response to Autumn Budget 2024]' dated 30 October 2024.		This section appears on the CIAT news and blog site as '[https://architecturaltechnology.com/resource/ciat-response-to-autumn-budget-2024.html CIAT response to Autumn Budget 2024]' dated 30 October 2024.

−	== Building Property Federation comment on the UK Autumn Budget 2024 ==	+	= Building Property Federation comment on the UK Autumn Budget 2024 =

	Commenting on the UK Autumn Budget Statement, BPF Chief Executive Melanie Leech CBE said:		Commenting on the UK Autumn Budget Statement, BPF Chief Executive Melanie Leech CBE said:
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	This section appears on the Building Property Federation web page as '[https://bpf.org.uk/media/press-releases/bpf-comment-on-the-uk-autumn-budget-2024/ BPF comment on the UK Autumn Budg][https://bpf.org.uk/media/press-releases/bpf-comment-on-the-uk-autumn-budget-2024/ et 2024]' dated 30 October, 2024.		This section appears on the Building Property Federation web page as '[https://bpf.org.uk/media/press-releases/bpf-comment-on-the-uk-autumn-budget-2024/ BPF comment on the UK Autumn Budg][https://bpf.org.uk/media/press-releases/bpf-comment-on-the-uk-autumn-budget-2024/ et 2024]' dated 30 October, 2024.

−	== The countryside charity reaction to the autumn budget 2024 ==	+	= The countryside charity reaction to the autumn budget 2024 =

	Chancellor Rachel Reeves has announced the budget statement, the first budget of the new Labour government since they were elected in July.		Chancellor Rachel Reeves has announced the budget statement, the first budget of the new Labour government since they were elected in July.