The key message of the Government’s speech was the promise to invest in long-term growth.
To achieve this capital investment will be boosted by more than £100 billion over the next five years, with a focus on transport, housing and R&D.
Alongside this investment, the Government has reiterated its commitment to the National Wealth Fund, which will bring together private and public sector funding to encourage more than £70 billion of private investment.
The Government has also introduced plans for a forward-looking Industrial Strategy to boost investment in key growth sectors and initiated a pensions review aimed at unlocking more investment in UK growth assets.