Autumn Statement 2015: Chancellor pledges homes, roads and jobs

The Government will build thousands more new homes, invest in roads and create one million jobs over the next five years, Chancellor George Osborne pledged in the Autumn Statement 2015.

There was a promise too to fund three million more apprentices to tackle skills gaps in the economy, while financial support for key sectors such as aerospace and automotive were also maintained.

Further devolved powers and regional transport spending were pledged too – but there was nothing as meaty as the £11bn the Chancellor announced for transport in London.

Russell Turner, managing partner said: “The creation and extension of 26 enterprise zones is a welcome development, and the apprenticeship levy sounds positive for smaller businesses.

“The Northern Powerhouse wasn’t mentioned as much as might have been expected, although Hull’s year as Capital of Culture is to get £1m.

“Some of the measures had been previously announced by the Chancellor in the July Budget, for example around taxation. It’s nice to get some respite from all the changes we have had with the tax regime over the last few years.”

See The Business Desk for more comments on the Autumn Statement from Garbutt + Elliott.

Garbutt + Elliott – Accountants in York and Leeds – 01904 464 100 – enquiry@garbutt-elliott.co.uk