ECA responds to 2024 Spring Budget
In response to this week's Budget announcement by Chancellor Jeremy Hunt, leading engineering and electrotechnical services trade body ECA has welcomed the extra support for green energy, while expressing some concern over funds directed for infrastructure projects under the levelling up agenda.
ECA Head of Public Relations and Public Affairs Jane Dawson said:
"We welcome the boost in investment of £120M for the Green Accelerator fund to support the green energy supply chain, along with the promise of faster connections to the grid.
"Three quarters of electrical contractors are SME's, therefore we welcome the raising of the threshold for payment of VAT to a turnover of £90k, although with cost of living increases we had hoped the threshold would have been lifted higher. ECA Member firms with fleets of vehicles will be relieved to hear the duty on fuel has been frozen for a further year".
"While we welcome funds directed for infrastructure projects in the regions under the levelling up agenda, we are concerned this will benefit Members in some regions, while others will lose out. This could create a postcode lottery of demand for electrical contractors, which does not necessary reflect the workforce available."
This article was issued via Press Release as "ECA responds to 2024 Spring Budget" dated March 7, 2023.
--ECA
[edit] Related articles on Designing Buildings
- 2023 Autumn Statement in brief with reactions.
- Chancellor's 2022 Autumn statement industry response.
- CIOB comments on the Chancellor's Autumn Budget.
- ECA articles
- Government publishes UK infrastructure strategy.
- Industry responds as Rishi Sunak becomes new PM.
- No net zero without skilled workforce.
- The autumn statement: What is it and does it effect construction ?
- The general election and why a shortage of electrical apprentices matters.
Featured articles and news
Twas the site before Christmas...
A rhyme for the industry and a thankyou to our supporters.
Plumbing and heating systems in schools
New apprentice pay rates coming into effect in the new year
Addressing the impact of recent national minimum wage changes.
EBSSA support for the new industry competence structure
The Engineering and Building Services Skills Authority, in working group 2.
Notes from BSRIA Sustainable Futures briefing
From carbon down to the all important customer: Redefining Retrofit for Net Zero Living.
Principal Designer: A New Opportunity for Architects
ACA launches a Principal Designer Register for architects.
A new government plan for housing and nature recovery
Exploring a new housing and infrastructure nature recovery framework.
Leveraging technology to enhance prospects for students
A case study on the significance of the Autodesk Revit certification.
Fundamental Review of Building Regulations Guidance
Announced during commons debate on the Grenfell Inquiry Phase 2 report.
CIAT responds to the updated National Planning Policy Framework
With key changes in the revised NPPF outlined.
Councils and communities highlighted for delivery of common-sense housing in planning overhaul
As government follows up with mandatory housing targets.
CIOB photographic competition final images revealed
Art of Building produces stunning images for another year.
HSE prosecutes company for putting workers at risk
Roofing company fined and its director sentenced.
Strategic restructure to transform industry competence
EBSSA becomes part of a new industry competence structure.
Major overhaul of planning committees proposed by government
Planning decisions set to be fast-tracked to tackle the housing crisis.
Industry Competence Steering Group restructure
ICSG transitions to the Industry Competence Committee (ICC) under the Building Safety Regulator (BSR).
Principal Contractor Competency Certification Scheme
CIOB PCCCS competence framework for Principal Contractors.
The CIAT Principal Designer register
Issues explained via a series of FAQs.