Wednesday 22 November 2017

Autumn Budget Update - Housing

·         100% council tax premium on empty properties.
·         Stamp duty abolished for first-time buyers for homes worth up to £300,000
·         £28m in three new housing pilot schemes – in the West Midlands, Manchester and Liverpool – to halve rough-sleeping by 2022 and eliminate it by 2027.
·         £44bn of capital funding to help build 300,000 homes annually by mid-2020s.
·         New money for home builders fund.
·         £630m ‘small sites fund’.
·         £8bn of financial guarantees to support private housebuilding.
·         £2.7bn housing infrastructure fund.
·         £1.1bn for new urban regeneration.
·         £34m to train construction workers.
·         A review to be chaired by Oliver Letwin to look at ways to speed up planning permission.
·         Five new garden towns.
·         One million new homes on the Cambridge-Milton Keynes-Oxford corridor by 2050.

Read more on the Guardian website.

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