Budget 2021 - a GAD technical bulletin
In our Budget analysis, we focus on topics on which we advise our clients, such as reforms relating to investment, insurance and pensions.
The Government Actuary鈥檚 Department (GAD) has analysed the announcements in this week鈥檚 Budget. We鈥檝e focused on topics on which we advise our clients, such as reforms relating to investment, insurance and pensions.
GAD鈥檚 analysis
In our Budget 2021 technical bulletin we look at areas which have particular resonance for GAD鈥檚 work. These include:
- government鈥檚 plans for growth via its Build Back Better programme
- launch of a UK Infrastructure Bank
- environmental objectives in monetary policy and the launch of a 鈥榞reen gilt鈥�
- tax allowances and thresholds, such as the pensions鈥� Lifetime Allowance
Recovery plans
The government also announced new and extended aspects of its COVID-19 recovery plan such as the Mortgage Guarantee Scheme and the Recovery Loan Scheme.
GAD has supported the government鈥檚 response to the pandemic. We鈥檝e advised on various schemes set up to support different areas of the economy. These included the Trade Credit Reinsurance scheme, and the Film and TV Production Restart Scheme both of which are considered in the Budget.
More details are available in the Budget 2021 technical bulletin.