Setting out a path to growth, or repairing the damage caused by austerity?
Views on Chancellor Rishi Sunak’s budget and spending review statements on 27 October are likely to be coloured by personal and political perspectives.
From the perspective of a communicator and director of a small business based outside London, the statement felt like a pitch from a man in control of the narrative. This is a prized asset for government set pieces. And it’s why key measures – around Net Zero, infrastructure, transport and skills – are so heavily trailed in advance.
These measures coalesce under a plan for growth, building on the Prime Minister’s claims that the country must move towards a model of higher wages and productivity. With growth anticipated to reach 6.5% next year, there is cause for optimism from this most spendthrift and statist of small-state Conservative chancellors.
Even if there were few surprises, there remains plenty to make sense of. How many of the commitments are new money? How can we access the funding? Do we know yet what ‘levelling up’ looks like? The third question is a touch optimistic, I know. People will make up their own minds on that one.
For those interested in place-making and development, here are some of the snippets of interest we took from the announcement.Continue reading “Five points on place from #Budget21 and #SpendingReview”