Budget housing boost
Published: 23 March, 2011
LONDON: The chancellor George Osborne is expected to announce a £250m package to help 10 000 first-time buyers purchase newly-built homes.
Under the plan agreed with house builders, buyers provide 5% of the cost of a new home, while the government and builder together put up 10%.
Other widely flagged measures include more relaxed planning rules around the change of use of buildings to housing.
The chancellor begins his budget speech at 12.30 today.