2014 Budget: Highlights

Published:  19 March, 2014

The government has revealed measures to cut deficit, boost housebuilding and support British manufacture in its 2014 Budget, announced today.

“If you are a maker, a doer or a saver, this Budget is for you,” said Chancellor George Osborne, in an announcement which confirmed plans to reduce borrowing, support new homes and create “a Britain that makes things again”.

Mr Osborne revealed that the economy is recovering faster than expected, with it set to be £16bn larger than what was forecast just four months ago. In addition, deficit is predicted to be down to 6.6% this year, 5.5% next year, 4.2% in 2016, 0.8% in 2017/18, and non-existent in 2018/19.

Other Budget highlights include:


Construction and skills

See the industry's response here.