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PRE-BUDGET REPORT: Public spending sees huge boost

In his Pre-Budget speech the Chancellor of the Exchequer Alistair Darling revealed £3 billion worth of public spending will be brought forward 2010/11.

Mr Darling said the money would be used to increase the capacity on motorways, increase social housing availability, modernise primary and secondary schools and boost energy efficiency measures in homes.

Commentating on Alistair Darling’s pre-budget report, Alan Ritchie, General Secretary of construction union UCATT, said: “The additional £3 billion of capital spending is to be widely welcomed. Construction workers have borne the brunt of the economic downturn. By increasing infrastructure projects and building new social housing out of work construction workers will return to the jobs market and confidence will begin to return to the sector.”

Mr Ritchie, added: “The Chancellor’s announcement that the 10p tax rebate will become permanent and that increases in child benefit will be paid from January, is good news for hard pressed construction workers and their families.”

Click here for a full summary of the Pre-Budget Report 2008.