Anyone hoping for a tax cut on their home move will be disappointed.But among the "110 growth measures" included in Jeremy Hunt's speech were support for private renters and planning changes to encourage new building
Category
🗞
NewsTranscript
00:00 Because rent can constitute more than half the living costs of private renters on the
00:05 lowest incomes, I have listened closely to many colleagues, as well as the Institute
00:10 for Fiscal Studies, the Resolution Foundation, Citizens Advice UK and the Joseph Rowntree
00:16 Foundation, who said that unfreezing the local housing allowance was an urgent priority.
00:22 I will therefore increase the local housing allowance rate to the 30th percentile of local
00:27 market rents. This will give 1.6 million households an average of £800 of support next year.
00:36 Many planning applications are for house building. The Leader of the Opposition told us he wanted
00:42 to be a builder, not a blocker. It did not last long. Just a few months later, Labour
00:48 blocked reforms to the rules on nutrient neutrality, shamelessly preventing 100,000 houses from
00:57 being built. Conservatives, on the other hand, are the builders, with more homes being completed
01:03 in 2021-22 than any single year of the last Labour Government. Today we take further decisions
01:13 to unlock the building of more homes. We will invest £110 million over this year and next
01:18 to deliver high-quality nutrient mitigation schemes, unlocking 40,000 homes. We will invest
01:25 £32 million to bust the planning backlog and develop fantastic new housing quarters
01:31 in Cambridge, London and Leeds, which will lead to many thousands of additional dwellings.
01:36 We will allocate £450 million to the local authority housing fund to deliver 2,400 new
01:42 homes. We will consult on a new permitted development right to allow any house to be
01:48 converted into two flats, provided the exterior remains unaffected.