Autumn Budget 2018: key points
Earlier this week, Chancellor of the Exchequer, Rt Hon Philip Hammond MP, delivered the 2018 Autumn Budget.
The budget included a number of announcements on funding for the NHS and mental health services, social care funding for local authorities and capital investment in schools.
As well as committing the government to publishing its delayed social care green paper, the Chancellor pledged:
- £650 million in grant funding for English councils to put towards social care in 2019-20
- £84 million over five years to extend children’s social care services to 20 more councils
- £45 million for disabled facilities.
£2bn was pledged toward mental health services, including:
- a commitment to ensure access to mental health crisis services in all A&E departments
- specialist crisis teams for children and young people
- more mental health ambulances
- more community services such as crisis cafes
- a 24/7 mental health crisis hotline.
Prior to the budget announcement, new analysis from Ceeda revealed that more than 40% of early years settings in England are receiving less funding in real terms than five years ago, prompting a call from early years organisations for an increase in investment in the childcare sector.
No further update on the current funding rates was given, and the current Early Years National Funding Formula is due to remain in place until 2020.
- £450 million “to enable levy paying employers to transfer up to 25% of their funds to pay for apprenticeship training in their supply chains” from April 2019
- £240 million to halve the co-investment rate for apprenticeship training to 5%
- up to £5 million to the Institute for Apprenticeships and National Apprenticeship Service in 2019-20 to “to identify gaps in the training provider market and increase the number of employer-designed apprenticeship standards available to employers”. All new apprentices will then start on these new, higher-quality courses from September 2020
- the Exchequer Secretary to the Treasury and the Minister for Apprenticeships and Skills “will work with a range of employers and providers to consider how they are responding to the apprenticeship levy across different sectors and regions in England, as well as the future strengthened role of apprenticeships in the post-2020 skills landscape”.
National Retraining Scheme
- £100 million allocated for the first phase of the National Retraining Scheme (NRS), which is to include “a new careers guidance service with expert advice to help people identify work opportunities in their area, and state-of-the-art courses combining online learning with traditional classroom teaching to develop key transferable skills”.
- £38 million of capital funding to support implementation of the first three T levels in 2020 across 52 providers – announced by Education Secretary Damian Hinds earlier this month at the Conservative Party Conference.
The Chancellor announced a series of skills pilots backed with £20 million of Government funding including:
- a £3 million pilot to help employers in Greater Manchester and surrounding areas to address local digital skills gaps through short training courses
- a £10 million pilot in Greater Manchester, working with the Federation of Small Businesses, to test what forms of government support are most effective in increasing training levels for the self-employed
- £7 million match funding alongside employers to provide on-the-job training to young people not currently in employment, education or training in Greater Manchester, and to move them into sustainable career paths with employers
- £400 million in extra capital funding this year – an average of £10,000 per primary school or £50,000 per secondary school for equipment and facilities
- A new £10 million trial to retain maths and physics teachers.