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63 About this deal
The Autumn Statement recommits to the government’s transformative growth plans for our railways. These include East West Rail, core Northern Powerhouse Rail, and High Speed 2 to Manchester. These will provide fast, more reliable services and connect people to new job opportunities. Government internal calculations using population and household estimates from Population and household estimates, England and Wales:Census 2021 Office for National Statistics, June 2022. ↩ Investment zones - The government will refocus the Investment Zones programme to catalyse a limited number of high potential clusters, working with local stakeholders, to be announced in the coming months. The existing expressions of interest will therefore not be taken forward. The economy continued the strong recovery from the effects of the pandemic in the first half of the year. Despite the after-effects of the COVID-19 pandemic and an increase in global energy prices, the economy continued to grow in the first half of this year by 0.7% and 0.2%, in Q1 (January to March) [footnote 36] and Q2 (April to June) [footnote 37] respectively. This followed on from 7.5% growth in 2021, which was the strongest growth in the G7. [footnote 38]
investing in the UK’s people, including by ensuring that they have the skills that businesses and public services need Office for National Statistics, Consumer Price Inflation, https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/september2022 ↩ Since leaving the European Union (EU), the government has refocused the immigration system towards securing the skilled labour businesses need to stay competitive and innovative. Over the last year a high number of visas have been issued, [footnote 28] partly reflecting the UK’s action to welcome those from Ukraine and Hong Kong and international students returning after the COVID-19 pandemic. As these temporary factors ease over time, the government expects net migration to return broadly to pre-pandemic levels. The government will continue to strike the balance between reducing overall net migration in the longer term with ensuring businesses have the skills they need.
further measures to support greater local decision making and freedom for healthcare professionals to do their job. This will include commissioning an independent review by Patricia Hewitt into how best the new Integrated Care Boards can work with appropriate autonomy and accountability The government’s commitment to responsible management of the public finances is codified in new fiscal rules published in the Autumn Statement. The rules ensure that policy puts the public finances on a sustainable path, requiring that debt falls as a share of the economy over the forecast, while providing space for the economy to recover. Efficiency and Savings Review - To help identify further savings in departmental budgets, the government is launching an Efficiency and Savings Review. The Review will target increased efficiency, reprioritise spending away from lower-value programmes, and review the effectiveness of public bodies. Savings will be reinvested in public services, and the government will report on progress in the spring. More detail on the scheme can be found here: Energy Markets Financing Scheme:Contingent Liability - Hansard - UK Parliament. ↩ Options to improve the A75 - The government is reconfirming its commitment to work with the SG on options to improve the A75, in line with the findings from the Union Connectivity Review. The government has offered development funding to support this, subject to a business case from SG.
GDP first quarterly estimate, UK:July to September 2022, Office for National Statistics, November 2022. ↩ The tax system should continue to adapt to reflect consumer behaviour. Reflecting the success of the transition to electric vehicles, the government will therefore introduce Vehicle Excise Duty on electric cars, vans and motorcycles from April 2025. This will ensure that all motorists begin to pay a fairer tax contribution.To ensure key public services continue to deliver, the government is prioritising further funding to support the healthcare system and schools. As a result of this targeted additional funding, total departmental spending (total DEL) will grow in real terms at 3.7% a year on average over this Spending Review period.
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