Budget 2017 changes we already knew about

In the weeks leading up to the Chancellor’s Budget 2017, he had attempted to spread some good cheer against a rather gloomy backdrop. We’d already been told about the following:

  • New homes….and lots of them. Our local Bromsgrove MP and Communities Secretary Sajid Javid has been banging the drum for building new homes, demanding more help for smaller building firms and £50bn to finance the construction drive. He argued firms should take advantage of record-low interest rates and that the government should increase borrowing to invest in housing & infrastructure. Chancellor Hammond recently announced plans for 300,000 new homes a year through speeding up new developments and supporting smaller builders
  • £400m towards charge points for electric cars and £100m to boost purchases of clean cars; with the movement away from diesel cars, this comes as no surprise
  • £160m for next generation 5G mobile networks across the UK. This will be welcomed by many businesses in the West Midlands, particularly those located in more rural areas such as nearby Worcestershire where far too many ‘black spots’ still exist
  • £76m towards construction and digital skills
  • £500m towards training for young people and more investment in the digital sector
  • Extra money for the northern powerhouse rail connections
  • Railcards for 26-30 year olds to access cheaper rail travel
  • Artificial Intelligence financing to achieve driverless cars in the next few years


Budget 2017