Budget Synopsis for comment3 Mar 2021 20:16
Some Infrastrata budget takeaways:A new national infrastructure bank will open in Leeds with £12bn capitalisation from the government.It’s expected to support at least £40bn of total investment in infrastructureGreen projects will be supported through a green recovery bond. ( not a lot of detail yet) The Treasury will reform the Bank of England’s mandate to include targeting net zero emissions, in addition to the existing 2% inflation target.In line with the Government’s focus on an ‘investment-led recovery’, the Chancellor also announced a temporary 130% upfront capital allowances super deduction for investment in plant and machinery. The new freeports will be a truly UK-wide policy – and said the Government will work constructively with the Scottish, Welsh and Northern Irish administrations.JW right to focus on HW imv.