Following the announcement of the Autumn Statement this week, the Chancellor has stated his plans for substantial spending within the construction industry and outlined other changes set to take place next year.
The government pledges to invest £2.3bn on a Housing Infrastructure Fund to deliver infrastructure for up to 100,000 new homes in areas of high demand. He added there will be £1.4bn to deliver 40,000 additional affordable homes. In addition, the statement also included a spend of £2.6bn on transport networks including £220m to address traffic pinch points, £450m on digital signalling and £390m on low emission vehicles.
Other key points at a glance:-
for 21 to 24 year olds – from £6.95 per hour to £7.05
for 18 to 20 year olds – from £5.55 per hour to £5.60
for 16 to 17 year olds – from £4.00 per hour to £4.05
for apprentices – from £3.40 per hour to £3.50