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The section of the Autumn Statement relating to the National Infrastructure Commission can be found here. It is reproduced in full below.
We said in our last report in February that, in the absence of economic shocks or other strong evidence, we thought that the default for the NLW would be a straight line rolling path to the 60 per cent target - spreading our (annually updated) estimate of the increase in relative value needed to hit the target evenly over the remaining years to 2020. Our recommendation today reflects this approach, but the cash level is somewhat lower than expected in the spring when we projected £7.64 for April 2017. This reflects automatic adjustment in the level of the NLW target in view of weaker pay growth and forecast pay growth.
So we choose in this Autumn Statement to prioritise additional high-value investment, specifically in infrastructure and innovation, that will directly contribute to raising Britain’s productivity.
And, to provide affordable housing that supports a wide range of need, we will invest a further £1.4 billion to deliver 40,000 additional affordable homes.
Attendees were also able to book a face-to-face meeting with CDE and Home Office and Department for Transport subject matter experts to discuss potential proposals to the competition.
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