{"id":3527,"date":"2024-10-31T07:55:05","date_gmt":"2024-10-31T11:55:05","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=3527"},"modified":"2024-10-31T07:55:05","modified_gmt":"2024-10-31T11:55:05","slug":"autumn-budget-2024-what-it-means-for-packaging","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=3527","title":{"rendered":"Autumn Budget 2024: What it means for packaging"},"content":{"rendered":"


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Chancellor of the exchequer Rachel Reeves has introduced a wave of new measures, many of which will impact the packaging industry\u2019s supply chains, sustainability efforts, and workforce planning \/ Credit: Martin Suker via Shutterstock<\/figcaption><\/figure>\n<\/p><\/div>\n

On 30 October 2024, Chancellor Rachel Reeves announced the Labour government\u2019s Autumn Budget, generating discussions across industries, including packaging.<\/p>\n

This year\u2019s budget aims to shape economic growth, strengthen infrastructure, and drive innovation.<\/p>\n

Here, we explore how this budget may influence the packaging industry, especially in areas related to logistics, trade, and technology.<\/p>\n

Infrastructure\u2019s role in packaging<\/h2>\n

The establishment of the National Infrastructure and Service Transformation Authority (NISTA) marks a pivotal shift, with its mission to ensure \u201ceffective delivery of infrastructure across the country\u201d and collaborate closely with the packaging and logistics industries to drive efficiencies.<\/p>\n

However, some industry leaders are sceptical of the government\u2019s level of commitment to supporting logistics, a critical backbone of packaging.<\/p>\n

Matt Gregory, Managing Director for Northern Europe at K\u00f6rber Supply Chain Software, expressed disappointment: \u201cThe lack of specific measures of support for the logistics sector in today\u2019s Autumn Statement is disappointing, given the crucial role that it plays in supporting the UK economy.\u201d<\/p>\n

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