Reference ESMA63-43-1444 . (38)The government will also take action to fight waste crime. The government will tackle air pollution by providing £304 million to help local authorities reduce nitrogen dioxide emissions and improve air quality.The government will also invest in the natural environment, planting enough trees to cover an area the size of Birmingham, restoring peatlands, and providing more funding to protect the UK’s unique plants and animals. Key taxes are changing as a result of Budget announcements The Budget takes place against the backdrop of the global outbreak of COVID-19. To maintain the competitiveness of the UK financial services sector, the government will be taking a number of steps to ensure that the UK’s regulatory regime remains proportionate and effective.
This includes a substantial increase in the Scottish Government’s block grant to reflect the additional welfare responsibilities being devolved from April 2020. The government expects most of this funding to be used to provide more council tax relief, either through existing Local Council Tax Support schemes, or through complementary reliefs.
You have already liked this page, you can only like it once! The 2020-21 local government finance settlement enables a 6.3% nominal increase in councils’ Core Spending Power.Local authorities also invest billions of pounds of capital finance every year in their communities. In addition, UK productivity growth has slowed more since the financial crisis than other advanced economies. The Budget will provide funding for a digital waste tracking system to provide better data on waste transport, as well as £2 million to improve evidence on where fly-tipping happens and the best ways to deter it.
Recognising the energy efficiency benefits of heat networks, the Budget confirms funding for the Heat Networks Investment Project for a further year to 2022 and provides £270 million of new funding to enable new and existing heat networks to adopt low carbon heat sources.To encourage businesses to operate in a more environmentally friendly way, the government is raising the Climate Change Levy on gas in 2022-23 and 2023-24 (whilst freezing the rate on electricity) and reopening and extending the Climate Change Agreement scheme by two years.
This is included in the supplementary document ‘‘Budget 2020: policy costings’ published alongside the Budget.The supplementary document ‘Overview of Tax Legislation and Rates’, published alongside the Budget, provides a more detailed explanation of tax measures.Publishing the Low Pay Commission’s 2020 Remit – Alongside the Budget, the government has published its remit to the Low Pay Commission (Carers’ leave – The government will shortly consult on the design of Carers’ Leave: a new in-work entitlement for employees with unpaid caring responsibilities, such as for a family member or dependents. This will support world-leading organisations such as the London School of Hygiene and Tropical Medicine, the Royal College of Art and the Institute of Cancer Research among others. Commercial boats on open waters, including ferries and fishing boats, will remain entitled to the Marine Voyages Relief so will not have to pay more for their fuel. This investment will better protect 336,000 properties from flooding.Place-based resilience schemes – The government is confirming a new £200 million package of place-based resilience schemes to ensure faster recovery for rural, urban and coastal communities most at risk of flooding.Winter flood defence fund – The government will provide £120 million to repair flood defences which were damaged in the floods in winter 2019-20.Water management assets – The government will invest £39 million in the Environment Agency’s network of water supply and water navigation assets. The impact of the outbreak of COVID-19 on the UK economy is highly uncertain, and while the effect could prove significant, it is expected to be temporary. This government is ending the benefit freeze and increasing working age benefits by 1.7% from April 2020.
Employment growth remains strong – the employment rate reached a record high in the three months to December 2019 – and earnings growth remains above inflation.The recent COVID-19 outbreak is creating short-term uncertainty.
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