Budget 2020: What Does it Mean for the PM Domain?

I’m sure like me, many of you were keeping an eye out for Chancellor Rishi Sunak’s first Budget presented last week, keen to learn what implications it would have for the PM domain going forward as well as coronavirus.

Here are some of the main headlines:

IR35 goes ahead as planned

Despite the protests, letters to MP’s and generally negative views of IR35 the government has decided to go ahead with the changes due to happen on April 6th.

Their statement read: “The Government believes it is right to address the fundamental unfairness of the non-compliance with the existing rules, and the reform will therefore be legislated in Finance Bill 2020 and implemented on April 6, 2020, as previously announced.”

We asked UK Project Practitioners what they thought of IR35 in our snapshot survey (see below). You can see the full findings in our 2020 Project Management Benchmark Report >>>HERE

£640bn Promised for Britain’s infrastructure

Infrastructure projects across the UK will get a total of £640bn in Government spending over the next five years, the Budget has set out.

The money will go to road upgrades, high-speed broadband, mobile signal coverage, rail links, flood defences, and housing projects. But many of the specific projects to be funded will not be announced until the comprehensive spending review later this year, while any strategy announcement has been delayed due to the Coronavirus outbreak.

Hopefully these plans lead to a future with more certainty and a clearer direction, not to mention more jobs. Spending this money effectively must be a priority and as project management professionals we need to be well positioned to ensure this happens.

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