Autumn 2021 Budget: housing market headlines

A quick look at what this weeks Budget means for property, housing and planning

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.
Source: Dataloft, gov.uk

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