Budget 2024: Key measures at-a-glance

Key budget measures at-a-glance

• £240m to build nearly 8,000 homes in east London – at Barking Riverside and Canary Wharf, alongside a new life sciences hub. 
• £20m investment in social finance to build up to 3,000 community-led homes and £4m for the Euston Housing Delivery Group to support plans to deliver up to 10,000 new homes around the HS2 terminus.
• Further funding of up to £120m for the Green Industries Growth Accelerator to support the expansion of low-carbon manufacturing supply chains across the UK
• A cut in the higher rate of Capital Gains Tax for property disposals, reducing it from 28% to 24%.
• Increasing the VAT threshold for businesses from £85,000 to £90,000 
• Approval for the next section of East West Rail, accelerating work to allow services from Oxford to Bedford to run by the end of the decade
• £400m in new investment to extend the Long-Term Plan for Towns to 20 more places, including Darlington, Rhyl, Carlton, Peterhead, Coleraine and Eastbourne
• Confirmation that a new development corporation in Cambridge will receive funding from the next spending review, plus £10.2 million to support the Cambridge Biomedical Campus
• Great British Nuclear will begin the next phase of the Small Modular Reactor selection process, with six invited companies being given until June to submit initial tender responses.
• A second round of the Local Nutrient Mitigation Fund, designed to help restart schemes totalling 30,000 homes stalled by the nutrient neutrality crisis
• £3m to match industry funding for a programme to attract more planners to take up roles in local authorities
• A commitment to fund the extension of the National Film and Television School in Buckinghamshire, to offer up to 200 new apprenticeship places a year – subject to a business case that demonstrates value for money