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Sector News
17 Mar 2023

A Budget for Growth

Important points from this week's Spring Budget.

  • The Chancellor’s speech can be read here.

  • The Budget Statement can be read here.

  • The Treasury’s press release can be read here.

  • The Office for Budget Responsibility Economic and fiscal outlook can be read here.

  • Third Sector support: DCMS will be provided with £100m to support thousands of local charities and community organisations and £10m for the next 2 years for the voluntary sector to help prevent suicide.

  • The Health and Disability White Paper: has been published by DWP and will abolish the Work Capability Assessment in Great Britain and separate benefit entitlement from an individual’s ability to work, and can be read here.

  • A new Universal Support programme: To help disabled people & those with long-term help conditions to find jobs & stay in work. Government will provide 4,000 per person to help find new jobs and will help 50,000 people every year once rolled out. £1m plan to give more resources to mental health and muscular-skeletal support in the workplace.

  • Special Educational Needs and Disabilities: £3m pilot expansion of the Department for Education’s Supported Internship programme to help SEND learners transition from education into the workplace.

  • Supporting Older people back into the workforce: First, Government will increase the number of people who get the best possible financial, health and career guidance ahead of retirement by enhancing the DWP’s “Mid-life MOT” Strategy from 8,000 to 40,000 a year. Secondly, will introduce a new kind of apprenticeship targeted at the over 50s who want to return to work called “Returnerships” and thirdly, will increase the pensions annual tax-free allowance by 50% from £40,000 to £60,000 and abolish the Lifetime Allowance altogether.

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