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Spring Budget 2017

CII Policy Briefing

Publication date:

08 March 2017

Last updated:

22 September 2017

Author(s):

Policy and Public Affairs

This briefing provides some background and high level analysis of the areas of the Chancellor's Budget that will be of interest to Chartered Insurance Institute members. The note covers economic background and context, key policy announcements (taxation, long-term care, consumer rights and technical education), and stakeholder views.

Chartered Insurance Institute response to the T-levels announcement:

The CII welcomes the Chancellor's financial commitment to T-Levels and support of 16-19 year olds. Getting the transition from school to workplace right is vital to the future prospects of both young people and to our economy. This is more important than ever given the post-Brexit world we are preparing to enter.

Keith Richards, CII Managing Director Engagement said

"The introduction of T-levels will only be, to use the Chancellor's words, "game changing" if there are the providers to deliver the specific occupational elements of the routes and the employers to provide meaningful work experience. We therefore welcome the sensible timeline for implementation. The Chartered Insurance Institute has and will continue to work with the Government on the development of T-levels, to ensure their relevance to learners and employers. Achieving this will ensure a genuine post-16 choice for young people."

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This document is believed to be accurate but is not intended as a basis of knowledge upon which advice can be given. Neither the author (personal or corporate), the CII group, local institute or Society, or any of the officers or employees of those organisations accept any responsibility for any loss occasioned to any person acting or refraining from action as a result of the data or opinions included in this material. Opinions expressed are those of the author or authors and not necessarily those of the CII group, local institutes, or Societies.

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