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On Wednesday 30th October, Chancellor of the Exchequer Rachel Reeves offered us our closest look yet at the Labour government’s ambitious vision for the UK economy. Here’s a quick round up of how the budget will affect our sector.
Infrastructure: Building a Brighter Future
Infrastructure spending was a focal point in the Budget, with planned investments in transportation, green energy and broadband expansion. Here, the government’s aim is to modernise the UK’s infrastructure to improve connectivity, reduce carbon emissions, and drive economic development across regions. Significant resources have been allocated to road and rail improvements, along with digital infrastructure expansion, providing new opportunities for companies in civil engineering, energy, and telecommunications sectors. Projects included substantive upgrades for TransPennine Express, East West Rail and HS2 Phase One, alongside £1.6 billion in funding
link source - Construction Media