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The UK Government is doing everything it can to help the economy recover from COVID, but one thing remains noticeably missing from the steady stream of Treasury announcements and that’s any reference to social value.
In April, the Cabinet Office started advising procurers to pay suppliers quickly to release much needed cashflow and last week came the announcement that it would bring £8.6 billion of capital spending forward. Presumably the government is hoping the impact of this spending will trickle down the supply chain, but given that a lot of these contracts will be awarded to one of the government’s 34 strategic suppliers, it won’t be enough to announce the expenditure and hope for the best. Read More |
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