March Budget 2020
“Levelling up and getting Britain building”
In the first Budget since October 2018, the new Chancellor of the Exchequer, Rishi Sunak MP, announced the government’s commitment to levelling up across the UK by raising productivity and growth in all nations and regions, creating opportunity for everyone, and addressing disparities in economic and social outcomes.
In total, around £640 billion of gross capital investment will be provided for roads, railways, communications, schools, hospitals and power networks across the UK by 2024-25. The government will publish a National Infrastructure Strategy later in the spring but the Chancellor announced plans to commit £5 billion to support the rollout of gigabit-capable broadband in the most difficult to reach areas of the country so that all areas are able to benefit. In addition, government will commit up to £510 million, which will be more than matched by industry, to ensuring that 95% of the UK’s landmass will have high quality 4G mobile coverage by 2025. This investment will level up connectivity across the UK, particularly in rural areas.
