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.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

We have vacancies all over the UK for those who work within the Building Supplies sector.

Guest Blog by Michael Barnett
A Bright future predicted for housing construction

One of the major talking points in the wake of the Brexit decision has been around the country’s current housing shortage with a YouGov poll from this year revealing that first time house buyers are now 38-years-old, on average.

Events Diary