Budget 2017

22nd November 2017  |  12:00am

Budget 2017

Housing

  • Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000
  • In London and other expensive areas, the first £300,000 of the cost of a £500,000 purchase by first-time buyers will be exempt from stamp duty
  • 80% of all first-time buyers will not pay stamp duty
  • Long-term goal to build 300,000 new homes a year by the mid-2020s
  • £44bn in government support, including loan guarantees, to boost construction skills
  • 100% council tax premium on empty properties
  • Compulsory purchase of land banked by developers for financial reasons
  • Review into delays in permitted developments going forward
  • £28m for Kensington and Chelsea council to provide counselling services and mental health support for victims of the Grenfell fire and for regeneration of surrounding area
  • New homelessness task force

For a full round up visit http://www.bbc.co.uk/news/uk-politics-42056452