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Spring Budget 2020—Government commits to boosting housing supply by mid-2020

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Published on: 11 March 2020

Published by LNB News

LNB News 11/03/2020

Document Information

Issue Date: 11 March 2020

Published Date: 11 March 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The government has confirmed its commitment to provide a fairer and more affordable housing market in the 2020 Spring Budget, aiming to create at least one million new homes by 2024. It also unveiled plans to bring more land under development and reform the planning system to make it simpler for Local Planning Authorities to accelerate the development process. The Head of Political Economy at the Institute of Economic Affairs, Dr Kristian Niemietz, commented, in response, that 'the Chancellor’s announcements on housing miss the point'.

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