Autumn budget 2021: Rishi Sunak unveils new spending pledges including £5bn for health research and innovation and £3bn for skills education

Asia's Tech News Daily

The chancellor has announced a series of spending pledges ahead of the autumn budget this week, which include £5bn for health research and innovation and £3bn for education.

Rishi Sunak has promised to do “whatever it takes” to support families with the cost of living, as he pre-empts Wednesday's address in the House of Commons.

Among his promises are:

• £1.4bn to encourage foreign investment into UK businesses and attract overseas talent

• £700m to be spent mainly on the new post-Brexit borders and immigration system, as well as a new maritime patrol fleet

• £435m for victims services, crime prevention and the Crown Prosecution Service

• £560m for adult maths coaching to help increase numeracy

• a six-month extension to the COVID recovery loan scheme to June 2022

Writing in the Sun on Sunday ahead of an appearance on Sky's Trevor Phillips on Sunday, Mr Sunak said: “I know that families here at home are feeling the pinch of higher prices… we will continue to do whatever it takes, we will continue to have your backs – just like we did during the pandemic.”

However, he warned of potential pain, saying there would be “challenges” ahead to get public finances “back onto a strong footing”.

Luke Sibieta, a research fellow at the Institute for Fiscal Studies, said that much of the funding would only reverse cuts by previous Conservative-led governments.

“We've seen the government announce extra funding for adults to get A-level equivalent qualifications, which is funding that was already available up until about 10 years ago,” he said.

“So it's just bringing back what was there already to some extent.”

There are also calls from Labour for the chancellor to remove VAT from domestic energy bills from 5% to zero for six months in order to help families this winter.

The party said the cut could be funded by higher than expected VAT receipts this year.

And the Liberal Democrats want Mr Sunak to make funding to end the cladding crisis a major focus.

The Treasury said the £5bn for health-related research and development will be provided over the next three years, with investment rising to £2bn per year by 2024 – a 57% cash increase since before the pandemic.

A total of £95m of the funding will be aimed at increasing uptake of cutting-edge innovations in the NHS and addressing cancer, obesity and mental health.

A UK-wide trial of COVID-19 antiviral treatments will receive £33m, while £40m will be spent on research in social care reform, £30m on investing in research skills and training, and £20m on research in climate change and health.

Financial support will be given for genome sequencing technology that can detect over 200 conditions in newborns, compared with existing tests that can just identify nine – potentially saving 3,000 babies per year, according to the Treasury.

The £3bn “skills revolution” funding will be used for post-16 education and to help adults looking to upskill and retrain.

Some £1.6bn of the skills education funding will be used to provide extra classroom hours for up to 100,000 16 to 19-year-olds studying for T-levels – technical-based qualifications.

The Treasury will also create 24,000 traineeships and use £550m to quadruple the number of places on skills boot camps in areas such as artificial intelligence, cybersecurity, and nuclear.

Existing colleges in England will receive £830m with extra funding for new equipment and facilities.

Apprenticeship funding will rise by £170m to £2.7bn in 2024-25, while free Level 3 courses – equivalent to A-levels – will be expanded in subjects like maths, chemistry, and biology.

Geoff Barton, general secretary of the Association of School and College Leaders, welcomed the investment, but said the pledge is “sketchy” and “appears to be limited in scope”.

He said funding is also needed in schools, early years and for young people who do A-levels, BTECs and qualifications other than T-levels.

The £1.4bn business investment funding will hand out grants to encourage international companies to invest in the UK's critical industries, including life sciences and automotive.

This includes £354m to support investment in life sciences manufacturing, increasing resilience for future pandemics, and more than £800m for the production and supply chain of electric vehicles – including in the North East and Midlands.

Subscribe to the All Out Politics podcast on Apple Podcasts, Google Podcasts or Spotify.

To help overseas recruitment in the UK's science and tech sectors, a “talent network” will be set up in the Bay Area of San Francisco and Boston in the US in 2022, and also Bengaluru in India – places the Treasury described as “innovation hotspots”.

By 2023, the programme will be expanded to six countries, targeting universities, research institutions and innovation hubs.

The Treasury's previous pledges include a new £500m fund to support those struggling with the cost of living over the winter.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Holiday Gift Guide: The Best Secret Santa Gifts Under $25

© Etsy Office secret Santas are tricky whether you get your BFF, your boss or your workplace nemesis. The perfect secret Santa gift should be light-hearted, useful, fall at a ... Read more »

Bei Ramos-Debüt im Schnee: PSG-Stars siegen in St.-Étienne – und verlieren Neymar

© Bereitgestellt von Blick Paris Saint-Germain’s Argentinian midfielder Angel Di Maria celebrates after scoring during the French L1 football match between AS Saint-Etienne and Paris Saint Fermain (PSG), at the ... Read more »

Emma Raducanu insists she wants ‘role model' Lewis Hamilton to win Sports Personality of the Year OVER her… and teenage star praises ‘really cool' F1 world champion for helping her cope with life in the spotlight

Raducanu has been taking advice from Hamilton on how to cope with fameShe captured the heart of the nation after she won the US Open in SeptemberRaducanu made a winning return to Britain at the ATP Champions Tour eventThe 19-year-old was playing on home soil for the first time since her historic winShe was rooting for Hamilton to win the Sports Personality of the Year Award  Read more »

Mindy Kaling shares a rare snap of her daughter Katherine and son Spencer on Thanksgiving: 'What I'm grateful for this year'

Mindy Kaling shared a rare image of her three-year-old daughter, Katherine ‘Kit’ Swati, and her one-year-old son, Spencer Avu, as she celebrated Thanksgiving. The 42-year old actress posted a sweet snap ... Read more »

Baby is BORN on migrant boat: Italian coastguard official is pictured carrying infant as vessel carrying 41 children and 203 adults is rescued in choppy waters off south coast

The rescue was complicated by difficult weather and sea conditions and lasted more than 16 hours overnightItaly has seen a sharp increase in boat migrants and the arrivals will put further pressure on the Prime MinisterSome 62,236 migrants have landed in Italy so far in 2021 against 32,542 in the same period last year Read more »

Parlamentswahl in Kirgistan wiederholt: Regierungsparteien siegen

© Keystone/AP/Vladimir Voronin Bei der Wiederholung der Parlamentswahl in der zentralasiatischen Republik Kirgistan hat sich die regierende Partei Ata-Schurt (Vaterland) erwartungsgemäss als stärkste Kraft behauptet. Nach Auszählung von über 90 ... Read more »

Was für ein Tor: Sow-Schlenzer landet perfekt im Lattenkreuz

© Bereitgestellt von Blick Frankfurt’s Djibril Sow scores during the German Bundesliga soccer match between Eintracht Frankfurt and Union Berlin, in Frankfurt, Germany, Sunday, Nov. 28, 2021. (Arne Dedert/dpa via ... Read more »

Holdener auf Podestkurs: Der zweite Lauf im Livestream

Nach dem abgebrochenen Riesenslalom vom Samstag findet in Killington ein Slalom statt. Wendy Holdener glänzt im ersten Durchgang erneut. © Foto: Jussi Nukari (Keystone) Reicht es Wendy Holdener bereits wieder ... Read more »

Early Cyber Monday 2021 PC deals: accessories, headphones, and more

© Photo by Amelia Holowaty Krales / The Verge All the great deals on PC accessories, like mice and keyboards. If you’re looking to expand your armory of gaming peripherals, ... Read more »

Israel schottet sich ab

Wenige Wochen nach der Wiedereröffnung der Grenzen für den Tourismus sind die israelischen Grenzen wieder dicht. Doch eine Ausnahme gibt es. © Foto: EPA Israel gilt als globaler Vorreiter im ... Read more »

Joel Embiid on COVID battle: ‘I really thought I wasn't going to make it'

Joel Embiid finally was back with the 76ers on Saturday night after missing three weeks due to a positive COVID-19 result. After scoring 42 points in a double-overtime loss to ... Read more »

Queen Elizabeth latest news: Her Majesty ‘couldn't stand' THIS household habit William & Kate had with their children

PRINCE William, Kate Middleton and the Queen could cut the BBC off forever following fury over a new royal documentary. As reported exclusively by The Sun, the Cambridges have already banned ... Read more »

Botswana says 15 more cases of Omicron variant detected in country

Buildings are seen in the Central Business District (CBD) in the capital Gaborone, Botswana By Brian Benza GABORONE (Reuters) – Botswana's health minister Edwin Dikoloti said on Sunday the country ... Read more »

Face coverings to be mandatory in communal areas of schools

Face coverings are to be brought back for communal areas in England’s schools and colleges as part of measures to contain the spread of the Omicron Covid-19 variant, it has ... Read more »

Switzerland backs law behind Covid pass in referendum

© AP PA Images SWISS VOTERS HAVE firmly backed the law behind the country’s Covid pass in a referendum, following a tense campaign marked by unprecedented levels of hostility. The ... Read more »

Coronavirus digest: Germany confirms third case of omicron variant

© Provided by Germany said Sunday it had detected a total of three cases of the new omicron coronavirus variant after a suspected infection in the western state of ... Read more »

Suspected armed man shot dead at entrance to San Diego military base

© CBS8 Outside the gate at San Diego’s Marine Corps base – CBS8 A man suspected of wielding a knife has been killed at the gate of the US Marine ... Read more »

Gardaí respond after violent clashes in Ringsend ahead of FAI Cup final

© Leah Farrell File image GARDAÍ RESPONDED TO an outbreak of violence in the Ringsend area of Dublin this afternoon as crowds gathered ahead of the FAI Cup final ... Read more »

Cyber Monday Ancestry DNA kit deals 2021

© Provided by Live Science Cyber Monday DNA test kit deals will save on on several of these Ancestry DNA test kits, shown here. Any journey of discovery and learning ... Read more »

Voices: Boris Johnson has a dangerous disregard for the facts over efforts to vaccinate the world

© AP Boris Johnson should be announcing that Britain will lead the way in supplying vaccines to African countries – AP Not for the first time, Boris Johnson has shown ... Read more »

Das meint Blick zur Annahme der Pflege-Initiative: Es braucht mehr als Geld

Die Schweiz hat mit 61 Prozent Ja gesagt zur Pflege-Initiative. Bundesrat und Parlament müssen das ernst nehmen und für echte Verbesserungen sorgen. Das heisst: Es braucht mehr als Geld allein. ... Read more »

DRI seizes iPhone 13 worth r₹r43 crore at Mumbai airport

© Provided by Hindustan Times The iPhone 13 had come from Hong Kong at the air cargo complex at Mumbai airport. According to DRI, the price is worth around ₹43 ... Read more »

India's Best Dancer 2, 28 November 2021, Written Update: Muskaan Singh gets eliminated from the show

© Provided by Pinkvilla Today we saw Maniesh informing everyone that one contestant from the Super 12 will get eliminated from the show. After a while, Maniesh welcomed Nora Fatehi ... Read more »

WATCH: Kartik Aaryan spotted at Jama Masjid for Shehzada's shoot; smiles brightly at fans

© Provided by Pinkvilla 2021 has been a busy year for Bollywood star Kartik Aaryan.  His film announcements and release dates are stacked one on top of the other. After ... Read more »

Tom Ford criticizes Jared Leto's House Of Gucci performance; Says his talent was ‘buried under prosthetics'

© Provided by Pinkvilla Tom Ford who was recently portrayed in the fashion film House of Gucci recently shared his thoughts on the film while speaking to Air Mail. He ... Read more »

2 cops scheduled to be on duty during Prez visit test positive for Covid: Report

© Provided by Hindustan Times 19 policemen who were on special duty tested positive for Covid-19, news agencies reported.  (HT File) At least seven government officials, including two Uttarakhand Police ... Read more »

Omicron: Public reassured there is no need to change plans for Christmas

The public has been told to expect “a great Christmas” without new Covid restrictions, despite the arrival of the Omicron variant and fears that vaccines will be less effective against ... Read more »

Hollywood Newsmakers of the Week: Jessie J suffers miscarriage, Royals slam BBC, AMAs & Grammy updates

© Provided by Pinkvilla It has been a big week in Hollywood like any other. And ​​it is again that time of the week when we give you a roundup ... Read more »

David Martindale doesn't hide Rangers affection and adopts totally different tactics against them - Hotline

David Martindale admitted he used to watch Giovanni van Bronckhorst on his travels following Rangers. But he got up close with the Dutch legend as they went head to head ... Read more »

Fed prepared to hike interest rates if inflation remains elevated, minutes show

Fed officials expressed concern about high inflation Read more »

Lindsay Lohan announces ENGAGEMENT to her ‘love, life, family & future' Bader Shammas

© Provided by Pinkvilla Lindsay Lohan recently got engaged to her boyfriend Bader Shammas and shared the happy news on Instagram along with 3 images from their low-key proposal. The ... Read more »

Voices: Boris Johnson is not showing enough ambition to fix the social care crisis

© AP ‘The government has a chance to deliver this vision in their White Paper on Social Care’ – AP Boris Johnson has repeatedly promised that no-one will have to ... Read more »

Gorillaz's Damon Albarn gives big update on Netlix movie

Frontman of rock band Gorillaz Damon Albarn has confirmed that a feature-length film featuring the band is currently in production with Netflix. © Harry Durrant – Getty Images Gorillaz frontman ... Read more »

Video: Angelina Jolie looks chic while taking her teenage daughters Zahara, 16, and Vivienne, 13, out for coffee in Los Feliz

Read more »

Celtic 2-1 Aberdeen: Callum McGregor nets fortuitous winner to keep hosts within four points of leaders Rangers with impressive loanee Jota also on target for Ange Postecoglou's side

Callum McGregor scored a fortuitous 60th minute rebound for CelticLoanee Jota scored his fifth goal in five games to put Scottish giants in front Aberdeen's Lewis Ferguson stuck a first half equaliser from the penalty spot The hosts put their midweek exit from the Europa League behind them with win  Read more »

Nine companies secure credit insurance under Abu Dhabi's financial ecosystem programme

© Courtesy of EGA Emirates Global Aluminium employees at the company’s Taweelah refinery in Abu Dhabi.  Aluminium production is one of the core sectors of the economy that will be ... Read more »

AC Milan suffer second straight defeat in shock 3-1 home loss to Sassuolo, handing table-toppers Napoli the chance to move three points clear in Serie A

AC Milan were stunned by a 3-1 defeat at home to mid-table Sassuolo on Sunday Alessio Romagnoli scored first for Milan before Gianluca Scamarra equalisedSimon Kjaer then netted own goal before Domenico Berardi added a third  Read more »

Where's our WOOF gone? Rescue team saves 40 dogs after entire roof of their kennel is torn off by Storm Arwen

The roof of Link Kennels, in Trimdon, County Durham, was ripped off by stormFootage taken last night shows destruction after 40 dogs were rescued unhurtStorm Arwen wreaked havoc across UK and now there is Met Office yellow weather warningWarning indicates snow and ice to come in aftermath of Storm Arwen   Read more »

Hanukkah 2021: When does the Jewish festival start and what's the meaning behind it?

© Provided by The Independent Despite not being mentioned in the Torah, Hanukkah is one of the most highly anticipated and joyous Jewish festivals of the entire year. The “Festival ... Read more »

ISL: Kerala Blasters hold profligate Bengaluru FC to a 1-1 draw

© Provided by The Times of India Ashique Kuruniyan went from Bengaluru’s hero to villain in the space of four minutes as Kerala Blasters rallied to hold Bengaluru FC to ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic