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Spring Statement 2019 - £3bn pounds affordable homes guarantee scheme welcome, but more innovation needed

Spring Statement 2019: £3bn pounds affordable homes

Jan Crosby, UK head of housing at KPMG comments on the announcements made at the latest Spring Statement.


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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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For further information please contact:

KPMG Press office
T:  +44 (0) 207 694 8773

Simon Wilson, KPMG Corporate Communications
T: 020 7 311 6651
M:  077853 73397

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