2017 Autumn Budget

Published on Wed, 22nd Nov 2017 13:45

The Chancellor is unveiling his budget.

 Matters known so far are:-

  •  longer tenancies in the private rental sector with (yet another) consultation on the objective

  • Stamp duty abolished for first-time buyers for homes worth up to £300,000

  • New homes along the Cambridge – Milton Keynes – Oxford corridor

  • Oliver Letwin will chair a review of how land is being used for housing. It will report by the spring of next year, in time for the financial statement then. If necessary, the government will take powers to intervene to ensure land is used for housing, Hammond says.

  • The chancellor has announced plans to legislate for councils to be allowed to impose a 100% empty homes Council Tax premium on properties left vacant.

  •  Hammond announces £44bn for housing over next five years

  • the time to wait for Universal Credit is to be reduced by 1 week

  • urgent review to look at gap between planning permissions and housing starts, to report by spring next year

  • also he is to make £20M  for private rented sector access and support (Help to Rent schemes)

  • Confirmed the launch of the Homelessness Reduction Taskforce, which will develop a cross‑government strategy to work towards its commitment to halve rough sleeping by 2022