Housing and the Autumn Statement

Tomorrow The Chancellor of the Exchequer George Osborne will announce his plans for the UK economy, in his autumn statement. The statement, an annual fixture in the political calendar, will allow the chancellor to share the most recent economic forecasts and plans for the UK with the public.

The statement will cover all sectors of the UK economy including housing. The housing sector is certainly a high priority fixture in the UK economy and it is highly likely that it will be addressed in tomorrow’s statement.  Recently the Guardian’s Housing Network Blog covered what housing can expect from the autumn statement, and we thought we’d share some of their predictions with our readers.

The report is expected to follow up on the £10bn of guarantees to support investment in both new affordable and private rented homes. Universal credit, housing investment, reduced spending on welfare and measures to tackle rising homelessness are all also likely to be included.

Gavin Smart, writer of the blog claims “the key test will be the degree to which government can hit two competing targets simultaneously. The first: the need to put in place the necessary reforms to see the fundamental reform of our dysfunctional housing system. The second: to find measures that can have an impact now on our failing housing system.”

Here at Letts Living we are always sure to keep up to date with the latest housing developments to ensure we provide you with an up to date and informed service. For more information on the services we provide please see visit our website: http://www.lettsliving.com/