Jeremy Hunt’s Autumn Statement aimed to boost the UK property market through measures like halving inflation and investing in the planning system for new homes. However, doubts arise about the government’s role in delivery. The statement also extends the mortgage guarantee scheme, earmarks funds for housing associations, and proposes making house splitting easier. In the green energy sector, plans to improve the grid and attract investment signal a commitment to net zero, but there are omissions regarding energy efficiency standards and stamp duty measures. The impact of these proposals on housing and environmental goals remains uncertain.
Overall, the Autumn Statement was short on eye-catching measures for the UK housing market. Many hope they will come in 2024 and there will inevitably be speculation mixed with a healthy dose of wishful thinking around a stamp duty cut.
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