Last updated: 21 Oct 2020 02:26 Posted in: AIA
In order to prioritise the response to Covid-19 the Chancellor and the Prime Minister have decided to conduct a one-year Spending Review, setting department’s resource and capital budgets for 2021-22, and Devolved Administration’s block grants for the same period.
Multi-year NHS and schools’ resource settlements will be fully funded, as will priority infrastructure projects.
The Spending Review will build on that support and focus on three areas:
AIA chief executive, Philip Turnbull, said: “With the current economic uncertainty created by Brexit and the ongoing coronavirus outbreak, we welcome a pragmatic short term spending review, however businesses need to see a long-term strategy to boost confidence and create some much needed certainty around jobs and investment.”