After last weeks Budget, the Chancellor described the economic picture as “strong” in the short term, with the Office for Budget Responsibility expecting the economy to return to pre-pandemic levels 6 months earlier than expected (by 2022)
Key housing market announcements included funding for new homes, brownfield land and the removal of dangerous cladding, funded by a 4% developer tax (firms with profits over £25m)
To turn Generation Rent into Generation Buy, the Government is building on existing commitments by confirming a nearly £24 billion multi-year settlement for housing.
The Chancellor has also promised £65 million to improve England’s planning system, including digitisation to allow easy access to local plans.
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