Laura Sharman 07 January 2020

Javid pledges ‘decade of renewal’ in next Budget

Javid pledges ‘decade of renewal’ in next Budget image

The chancellor has pledged to use his first Budget to ‘unleash’ Britain’s potential and usher in a ‘decade of renewal’.

The Budget - taking place 11 March 2020 - will prioritise the environment and boost spending on public services.

Chancellor Sajid Javid said: ‘People across the country have told us that they want change. We’ve listened and will now deliver.

‘With this Budget we will unleash Britain’s potential – uniting our great country, opening a new chapter for our economy and ushering in a decade of renewal.’

In March, Mr Javid will also update the Charter of Fiscal Responsibility with new rules, to invest 'responsibly', while keeping debt under control.

Ted Frith, COO at GLIL Infrastructure, said: 'Now it’s time to incentivise more of that incredible source of capital wielded by our local government pension schemes. With only a small fraction of those funds fully committed to infrastructure, there is a once-in-a-generation opportunity for public sector pensioners to have a greater, more direct hand in shaping the future development of the country that they have long served.

'The chancellor might take note that a significant part of his ambitious plans may be right under his nose and hiding in plain sight.'

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