Budget 2017: Hidden taxes, housing and devolution


LISTEN: Autumn Budget 2017


The industry has responded with mixed reactions to the Autumn Budget. From business rates and stamp duty changes, to infrastructure investment and that capital gains tax bombshell, there was plenty for the sector to digest.Read more


Housing
Stamp duty abolished for all first-time purchases of up to £300,000. This is available on first £300,000 on purchases of up to £500, 000 in London
An urgent review established to look at gap between housing permissions and completions - an interim report due to be published by the spring statement. Read EG's data analysis on residential applications crash by a third
Hammond makes his formal pledge: £44bn to build 300,000 homes a year by the mid-2020s
Local authorities will be able to charge a 100% council tax premium on empty property, Hammond says
Government will increase targeted affordability funding for housing by £125m over next two years, benefiting 140,000 people
Business Rates
After next revaluation, full business rates revaluations will take place every 3 years
Business rates will switch from RPI to CPI two years early in Apr 18, which will save small businesses £2.3bn over 5 years, Hammond says
Infrastructure
£1bn of discounted lending to be made available to Local Authorities across the country to support infrastructure projects
The Regions
Chancellor pledges £1.7bn to support NPowerhouse + Midland Engine - 50% to go to areas with elected mayors, 50% up for grabs for other areas

Government to open negotiations for a Belfast city deal

Pre-Budget jitters drive increased outflows in property funds

Latest Calastone figures reveal a net outflow of £45m from property funds during October

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A radical and far-reaching Budget that could have been bolder

COMMENT: Rachel Reeves could have gone further to unlock investment, says BPF chief executive Melanie Leech

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MORNING NEWS: A Budget that should have been bolder

Plus – the outlook for investment in London and more in today’s round-up

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Lacklustre Budget leaves industry wanting more

Real esate professionals welcomed measures taken but said chancellor should have been bolder

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Ten property demands for the Budget

Forecasts for the big speech.

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PODCASTS: Property on the Budget

Listen to real estate's view

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Spring Budget 17: key takeaways

EG reports on the announcements

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Latest EG news

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Outrage at Hammond’s lack of ambition

EG gathers reaction from real estate property professionals.

Business rates: why there are no winners

The impact of business rates on businesses around the country.

Response to business rates relief

Daniel Watney’s head of rating Debbie Warwick explains why she is disappointed by the Budget.

Rates: spectacular lack of ambition

Gerald Eve's Jerry Schurder gives his view on the chancellor's business rates changes.

Response to business rates relief

The OBR forecasts accompanying the Budget for UK growth could be optimistic.

Business rates: reading between the lines

British Property Federation finance director Ion Fletcher responds to the Budget.