Budget to unveil plans for 300,000 new homes a year

The Budget will lay out Government plans to help build 300,000 new homes a year, according to Chancellor Philip Hammond.

The plans will include fasttracking developments with planning permission.

Hammond said the Government would use “powers of state” to get homes built on these sites, according to the BBC.

The Government will also unveil plans to aid SME housebuilders.

The Chancellor also said the Government will bankroll the clean-up of polluted former industrial sites and use the land for houses.

Other plans to be unveiled include pressuring local councils to give small pieces of land to developers.

However, Hammond said the Government would not just “pour money” into the problem, and that there was no one solution to the undersupply of homes.

The Chancellor said the country was currently building 217,350 homes a year, but that more were needed.


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