Does the Autumn Statement fire the starting pistol for an election campaign?
The Chancellor’s Autumn Statement suggests it’s ‘game on’ for an early election. With emergency legislation brought in to cut National Insurance contributions by 2% in January, the signs are that the Government are preparing the ground for next year’s anticipated election.
As such, it was noticeable the Chancellor had been taking note of the business community. Many ECA Members will welcome the freeze on SME business rates, advocated by the Federation of Small Businesses. The CBI, representing another arm of the business community, also claimed a win for its bid to make ‘full expensing’ permanent. That is, business investment for ‘in scope’ kit will be tax free.
For decades, ECA has campaigned for tighter measures to improve late payments for small businesses. While new measures were announced earlier in the autumn, it was gratifying to see this explicitly mentioned in yesterday’s Statement. From April next year all firms bidding for public contracts will have to show they pay invoices within 55 days. This will taper to 30 days ‘in the coming years’.
It is a big win for ECA Members and SMEs generally. Economists expect the measures to affect around 50,000 firms, saving up to £3 billion overall. Importantly, the new rules will maintain cash flow when margins are tight and help to stave off avoidable insolvencies.
ECA Members, particularly those installing technologies such as Electric Vehicle Charging Points, will be pleased to see the change in planning rules to speed up Grid connections for new installations. The bureaucratic silting up of the planning process has slowed down the electrotechnical installers who are driving the energy revolution.
For four consecutive quarters, ECA Members have been saying the lack of qualified electricians is holding them back from accepting new contracts and growing their business. The shortage of skilled workers to install, integrate, and maintain the new technologies is the biggest obstacle to achieving net zero targets. It is also the biggest obstacle to business growth.
While the Chancellor’s proposal to increase apprentices is welcome, his rush to encourage ‘bootcamps’ is counterproductive and a poor use of public money. Learners completing short classroom-based courses will not qualify as electricians or be employable by the industry. Neither will they deliver long term productivity for the country.
Technology specific courses offer dead-end careers and provide no flexibility for technologies yet to be developed. Moreover, integration of new technologies is key to achieving low emissions, maintaining safety and reducing energy costs. No one could be better placed to do that than a fully qualified electrician.
Learn more about ECA's advocacy and public affairs work here.
This article appears on the ECA news and blog site as 'Does the Autumn Statement fire the starting pistol for an election campaign?' dated November 23, 2023.
--ECA
[edit] Related articles on Designing Buildings
- APM articles.
- Chancellor's 2022 Autumn statement industry response.
- CIOB articles.
- ECA articles.
- Government publishes UK infrastructure strategy.
- IHBC articles.
- Industry responds as Rishi Sunak becomes new PM.
- No net zero without skilled workforce.
- The autumn statement: What is it and does it effect construction ?
Featured articles and news
Combating burnout.
The 5 elements of seiri, seiton, seiso, seiketsu and shitsuke.
Shading for housing, a design guide
A look back at embedding a new culture of shading.
The Architectural Technology Awards
The AT Awards 2025 are open for entries!
ECA Blueprint for Electrification
The 'mosaic of interconnected challenges' and how to deliver the UK’s Transition to Clean Power.
Grenfell Tower Principal Contractor Award notice
Tower repair and maintenance contractor announced as demolition contractor.
Passivhaus social homes benefit from heat pump service
Sixteen new homes designed and built to achieve Passivhaus constructed in Dumfries & Galloway.
CABE Publishes Results of 2025 Building Control Survey
Concern over lack of understanding of how roles have changed since the introduction of the BSA 2022.
British Architectural Sculpture 1851-1951
A rich heritage of decorative and figurative sculpture. Book review.
A programme to tackle the lack of diversity.
Independent Building Control review panel
Five members of the newly established, Grenfell Tower Inquiry recommended, panel appointed.
Welsh Recharging Electrical Skills Charter progresses
ECA progressing on the ‘asks’ of the Recharging Electrical Skills Charter at the Senedd in Wales.
A brief history from 1890s to 2020s.
CIOB and CORBON combine forces
To elevate professional standards in Nigeria’s construction industry.
Amendment to the GB Energy Bill welcomed by ECA
Move prevents nationally-owned energy company from investing in solar panels produced by modern slavery.
Gregor Harvie argues that AI is state-sanctioned theft of IP.
Experimental AI housing target help for councils
Experimental AI could help councils meet housing targets by digitising records.