Budget Watch

Date Published 14 March 2020

* The Chancellor of the Exchequer has delivered a multi-billion spending budget, with significant investment for tackling the coronavirus outbreak and infrastructure improvements.

* The Affordable Homes Programme has received a new £12 billion multi-year settlement, with £1.1 billion to support 70,000 new homes in high-demand areas across the country.

* The government confirmed the introduction of a new Stamp Duty levy, for non-UK purchasers. At 2% this is lower than anticipated and will not apply to purchases until April 2021.

* The Housing Minister is set to announce significant changes to the planning system later in the week following the Budget.