The 2024 Autumn Budget brings a mix of positive investments and new challenges for the education sector. While schools and early years education are set to benefit from increased funding, universities and private education face rising costs due to higher National Insurance Contributions (NIC) and VAT on private school fees.
While the Government’s focus on increasing housing supply and addressing key issues like cladding remediation is welcome, the sector will need to navigate rising costs and uncertainty in the long-term strategy for housing development.
How the Autumn Budget affects you and your business.
Rachel Reeves, the first female Chancellor in UK history, presented her Autumn Budget in October. This was Labour’s first Budget in over fourteen years and both the Chancellor and PM had hinted that difficult decisions would have to be made.
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