APM responds to the Government 2022 mini budget
Association for Project Management, the chartered membership organisation for the project profession, responds to the Government‘s ‘mini budget’ today.
Speaking after the Chancellor, Kwasi Kwarteng, announced tax changes for individuals and businesses, APM’s Head of Public Affairs, Andrew Baldwin, commented:
“The Chancellor’s update was primarily focused on tax cuts and helping households and businesses navigate the energy crisis. We acknowledge the importance of this, at a time when many people and businesses have been financially impacted.
“Organisations need stability to ensure projects are delivered on scope, on time and on budget, so the Government’s energy price cap is welcome; particularly because so many project costs will have been defined before the energy price hikes.
"However, given the project costs, and indeed scopes, are defined at the start, the decision to bring in a sunset clause on all EU-derived legislation, unless otherwise preserved, through the Retained EU Law (Revocation and Reform) Bill could cause much confusion, particularly for those companies delivering projects across the UK and the EU. Projects being considered now need to know the regulations they will be expected to deliver against in the future.
“APM research has shown the crucial role that projects and project professionals play in both economic and societal growth. We therefore urge the Government to further commit to ongoing investment in the projects that are needed to boost economic growth and deliver net zero, including nuclear, solar and wind power generation.
“The list of transport and infrastructure projects due to be streamlined and ‘prioritised for acceleration’ shows some commitment to that, although the precise details of what streamlining entails needs to be set out, and we are keen to work with the Government to enhance its new Planning and Infrastructure Bill.”
This article originally appeared as ‘APM responds to the Government's 'mini budget'' on the APM news and blog site dated September 23 2022.
--Association for Project Management
[edit] Related articles on Designing Buildings
Featured articles and news
Starting pistol Statement for an election campaign?
Rates freeze, NI cuts, full expensing; early election?
Positive pressure or positive input ventilation
Could this be a remedy for condensation, damp or mould?
Unlocking a Healthier Tomorrow
Report on Social housing retrofit in Scotland 2023
Call for ministerial group and National Retrofit Delivery Plan.
The Great Transformation 1860–1920. Book review.
2023 Autumn Statement in brief with reactions
Including the devolved governments, CIOB, ECA, APM and IHBC.
Irish Life Sciences HQ, an exemplar of adaptive reuse
AT awards small to medium size project category winner.
Formal and informal adaptive re-use or new use of buildings.
Broken Record. Emissions Gap Report 2023
Temperatures hit new highs, yet world fails to cut emissions (again).
Environment Agency cuts waste red tape
No longer enforcing certain waste transfer documentation.
APM Project Management Awards 2023
Winners reactions during the event at the Park Plaza Hotel.
BSRIA Living Laboratory Innovation Challenge
An exciting opportunity for stakeholders to collaborate.
Discussing issues related to inside and outside air quality
Report from the BSRIA Briefing 2023, Cleaner Air, Better Tomorrow.
Education and Health applications shine in October
Within a somewhat subdued construction market.
Restoring the Odisha East Coast Canal
A lifeline to the communities along its length.
Bill to tackle lithium-ion batteries proposed
Led by Electrical Safety First and supported by ECA.