National Housing Federation’s Autumn Statement Submitted

Last week The National Housing Federation (NHF) revealed its five point plan for economic growth through housing.  The NHF is always striving to do more for housing within the UK, and it plans to lobby ministers to back the plan.

Very soon (December 5th), The Chancellor of the Exchequer will deliver his Autumn Statement. The statement will outline how the government aims to stimulate much needed growth within the UK in the coming years.

The NHF has been making the case for housing to serve as a driving factor in economic growth, and in doing so has shaped the Government’s housing stimulus package. We thought we’d share with our readers the NHF’s 5 point plan for growth through housing:

1. Rapid release of small sites for development
2.  Provide certainty on its long-term plans for supporting social housing by extending the current formula for social rent until 2020
3. Reduce the VAT rate to 5% for services provided to housing associations for the renovation of social housing
4. Supporting local investment for the development of new homes by raising the local authority debt cap
5. Welfare reform that supports new development

Here at Bristol Property Centre we will be sure to keep you up to date with the latest housing developments emerging from the Chancellor’s Autumn Statement.  Don’t forget to check back every week for our latest post!