Budget housing announcements response

“A lot has been made in the run-up to the budget of the Government’s expected target to build 300,000 new homes next year. We welcome the clear-cut push to increase housing stock, but would have liked Mr Hammond to have acknowledged that variety is as much a problem as volume for the sector. 

“Policy updates like the removal of stamp duty for first-time buyers are positive steps. We look forward to seeing how some of the key ideas mooted in the housing white paper, such as an increased focus on shared ownership, will be acted on.

"Housing is increasingly a point of division in society. Remedying this depends on tackling affordability and choice in the market, including greater availability of alternatives to traditional rent and homeownership options, such as shared ownership. This is where housing associations, alongside local councils empowered by greater borrowing freedom, can play an important role in increasing the number of affordable homes across the UK.”

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