Autumn Budget 2018

30 October 2018

Richard Pike, Phoebus Software sales and marketing director, says “When Theresa May said that ‘Solving the housing crisis is the biggest domestic policy challenge of our generation’ she not only set the wheels in motion, she also got the industry’s hopes up. 

“With less than a month to wait until the budget, surely the Chancellor would soon be announcing further measures to back up the Prime Minister’s plans and at last we may hit the government’s housing target of building 300,000 new homes every year.  However, Mr Hammond has once again concentrated his efforts on first-time-buyers, with no thought for the rest of the market.  Despite providing further funding for more new-build homes, which of course is welcome, there are still questions that haven’t been answered. 

“It is not just about building houses, it’s about ensuring that developers are building the right homes in the right places and that those homes are affordable to the people that want to buy them.  Another question, given the massive increase in equity release in the past year, is why with an ageing population aren’t we doing more to help the older generation move down the ladder rather than continuing to make it cost prohibitive to downsize.”

 

Media contact

Debbie Staveley
Director and Owner,
bClear Communications

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+44 (0)1275 542 511

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