Labour’s tax-and-invest Budget fell flat with the OBR. But is there a brighter story for growth in the built environment?

By Daniel Gayne2024-11-07T06:00:00

Source: HM Treasury / Flickr

We asked experts from across the construction sector what levers the government still has to pull to boost growth

The week since Rachel Reeves’ first budget as chancellor of the exchequer has been a challenging one, with the new Labour government facing blowback from unhappy farmers and being forced to defend a major boost to public spending which the Office for Budget Responsibility (OBR) does not think will have an impact on growth.

“Invest, invest, invest”, was Reeves’ mantra last Wednesday, when she set out more than £100bn in planned capital spending over the next five years, having confirmed changes to the government’s definition of debt to facilitate greater spending.

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