Autumn Budget: Bruton Knowles comment on today’s budget

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James Bailey, managing partner for Nottingham’s Bruton Knowles comments on the Autumn Budget.

 

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“I’m pleased the Chancellor has committed to invest £1bn of funding to support local authorities to support high-value infrastructure projects. I hope Nottingham sees some of that investment to ensure that we can reap the benefits of HS2 in our city – an opportunity we simply cannot miss.

 

“Devolution deals in our region and potential future elected metro mayors could bring further benefits to the city, as long as there is a shared vision between the collaborative councils and local politicians.

 

“Many Nottingham-based SMEs will benefit from the shift from RPI to CPI business rates which I’m pleased to see is being implemented quickly.

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“I’m very keen to learn the outcome of the planned review on how land is being allocated for housing and if the outcome will help improve and streamline planning regulations in our region where many brownfield sites are still ripe for development.

“Finally, the shock Stamp Duty will certainly appeal to first time buyers and could increase the student retention population from the current 21% to match up with other cities like Birmingham and Manchester.”

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