The budget is in! What does it mean for the built environment?
The new Government has committed to stabilising the corporate tax system to provide certainty for corporate businesses to invest and grow. This means corporation tax and capital allowances will remain largely unchanged for the property and construction sector.
As expected, the Chancellor announced increased public investment which should provide a boost to the construction sector. Headline investments include funding for tunnelling for HS2 to reach Euston Station, an additional £500million for local roads maintenance and an additional £500million for the Affordable Homes Programme to kickstart affordable and social house building.
This is just the tip of the iceberg in terms of the announcement and its impact on the built environment. Read our full analysis here:
https://hubs.la/Q02WkV_n0
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Controller at D&R Masonry Restoration, Inc.
2 周Is there a ZOOM option?