Jan Crosby, UK head of housing at KPMG comments on the announcements made at the latest Spring Statement.
Commenting on the announcements made at the latest Spring Statement, Jan Crosby, UK head of housing at KPMG, said:
“Amidst the ongoing Brexit saga, the UK’s housing problem risks being eclipsed. Yet the problem of under-supply of our nation’s much needed homes remains. The chancellor did nod towards the progress made – which is promising – but we must not forget that we are playing catch-up and are nowhere near the aspiration to build 300,000 new homes each year.
“The dazzling takeaway from the statement will undoubtedly be the announcement of the £3bn affordable homes guarantee scheme, aiming to support the delivery of more affordable homes. However, whilst £3bn is a substantial sum and more investment is certainly welcome, we have to ensure that this doesn’t feed into any form of house price inflation – coordinated action is what’s needed here.
“Such coordination around place-making has been evident in recent announcements, with noise around consultation on infrastructure finance and planning getting more of a review, but in my mind it is innovation that is lacking. Thinking of alternatives – like an employer-backed nomination scheme, for example – is what will finally ensure the UK gets our housing problem under control.”
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