• 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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    Economy to bounce back 6 months earlier than expected

    • 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


    James Williams 31.10.21

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