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Our pro-growth solution to tackle challenges the housing sector is experiencing has been sent to HM Treasury which focuses on increasing supply in the private rented sector, will boost home ownership, and generate momentum in the wider property market.
Further details have emerged from the fine print of the Autumn Budget Statement, which Chancellor Jeremy Hunt, MP, announced on 22 November 2023, with positive news for the mortgage guarantee scheme, proptech and new housing developments.
In a speech designed to remind voters of her economic pedigree and credibility to manage the economy, Shadow Chancellor Rachel Reeves announced her intention to increase the Stamp Duty surcharge for overseas buyers.
Michael Gove MP, Secretary of State for Levelling Up outlined plans to unleash building on underused sites in high-demand regions, along with a new design code to improve the quality of new homes, with the UK Government committing to passing the Levelling Up and Regeneration Bill and updates to the National Planning Policy Framework later in 2023.