Budgeting for Brexit

Social policy by procurement continues apace, as the Government tackles its lack of funds by getting private sector suppliers to pay for its domestic agenda. Businesses that employ more than 50 people and that work with the public sector will now be ‘urged’ to publish a demographic breakdown of their workforce, as well as five-year diversity targets and proof racial diversity is being promoted at board level. Big contracts will be increasingly decided by social impact issues well beyond suppliers’ core functions. We expect to see more of this in next week’s Budget, along with pitch-rolling for tax breaks in areas outside EU state aid rules (like R&D, digital investment and tech).

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