Blog Post

The Governments first budget since leaving the EU

TomS - Head Tom Simper Mar 12, 2020, 13:35 PM

  • The Chancellor of the Exchequer has delivered a multi-billion spending budget, with significant investment for tackling the coronavirus outbreak and infrastructure improvements.
  • The Affordable Homes Programme has received a new £12 billion multi-year settlement, with £1.1 billion to support 70,000 new homes in high-demand areas across the country.
  • The government confirmed the introduction of a new Stamp Duty levy, for non-UK purchasers. At 2% this is lower than anticipated and will not apply to purchases until April 2021.
  • The Housing Minister is set to announce significant changes to the planning system later in the week following the Budget.
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