Spring Budget 2017

Budget The Channel Group

A summary of the trade-related news from the Chancellor’s Spring Budget 2017.

  • “The UK can’t focus on past achievements. We must focus on keeping at the cutting edge of the global economy”
    Budget The Channel Group
  • “I want the UK to be the best place in the world to start and grow a business”Budget The Channel Group
  • As part of infrastructure investment announced at Autumn Statement –
    • £300m to support “brightest and best” research talent
    • £270m to keep the UK “at the forefront of disruptive technology”, such as biotech and driverless cars
    • £16m for new 5G network tech hub
    • £200m funding for local action to increase fibre network
  • New T-level technical qualifications
    • Ambition for parity of esteem between academic and technical qualifications
    • Offer maintenance loans for higher-level technical qualifications

The Channel Group

The Channel Group is an independent think tank established to champion free trade.

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