UK sets Autumn Budget date

The UK government has set the date for its Autumn Budget, which this year should include a response to the latest National Infrastructure Assessment (NIA).

Chancellor Jeremy Hunt will present the Autumn Statement 2023 to Parliament on 22 November 2023, just under a month after the National Infrastructure Commission (NIC) publishes its second NIA, which will provide a five-yearly report on future priorities for UK infrastructure.

The second NIA will include costed recommendations to government on policy and funding to “ensure the country is ready to face the demands and opportunities of the next 30 years”.

It is likely that the Autumn Budget will need to include substantial extra funding to deal with a range of social infrastructure needs, following the recent crisis in schools due to concerns over the safety of reinforced autoclaved aerated concrete (RAAC). 

Hunt has promised to “spend what it takes” to deal with the problem, but RAAC issues could extend beyond schools and into a range of other public buildings, causing costs to spiral.