Budget preview: what can construction expect?

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In what will be Rishi Sunak’s first Budget, Tom Lowe considers what construction can look forward to

Wednesday’s Budget, the first for nearly 16 months, is likely to herald the beginning of a bold new era in construction spending. Back in October 2018 when the last Budget was delivered by then-chancellor Philip Hammond, the country was entering the most chaotic period of the Brexit saga. A minority government was clinging on, the People’s Vote movement was in the ascendency and the prospect of Brexit itself was hanging in the balance. 

Now, the UK has officially left the European Union, some confidence has returned to the economy – COVID-19 notwithstanding – and an 80-seat majority government is preparing to launch the most ambitious construction and infrastructure agenda for decades. All this, and the Budget is to be delivered by a shiny new chancellor barely three weeks into the job. So, first question, who is Rishi Sunak? 

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