All Budget articles
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News
New Reserved Investor Fund set to boost UK fund offering
The government has announced it will begin legislating for the RIF in the Spring Finance Bill 2024.
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News
Is scrapping FHL yet another an attack on landlords?
The biggest headline-grabbing announcement from the Spring Budget as far as the property sector is concerned is the scrapping of the Furnished Holiday Lettings (FHL) regime. FHL provides those who hire out furnished properties as holiday lets with various tax advantages.
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News
Spring Budget: Industry “disappointed” as Hunt fails to reform business rates and stamp duty
Experts said current property tax regime deters investment.
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News
Spring Budget: retail experts slam failure to help high streets
Jeremy Hunt ignored calls to bring back VAT-free shopping for tourists and reform business rates.
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News
Colliers urges Hunt to scrap business rate rises in Spring Budget
The firm wants the chancellor to reduce the multiplier across the board.
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News
Q&A: Nigel Huddleston, financial secretary to the Treasury on why business rates relief is ‘a matter of balance’
Nigel Huddleston, financial secretary to the Treasury, tells Property Week how the government’s business rates support is aiding the high street.
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Insight
Will the Budget bring clarity on stamp duty reliefs?
Editor: Speculation is already rife about the possibility of tax cuts in the Spring Budget. So far, income tax and inheritance tax have been the focus, but from a property perspective, possible reductions in the headline stamp duty land tax (SDLT) rates remain a popular theme.
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Online
Winkworth blames Truss's mini-budget for fall in annual home sales
Estate agency group M Winkworth has blamed the September 2022 mini-Budget of former prime minister Liz Truss and then chancellor Kwasi Kwarteng for a downturn in the UK property market and its annual trading in 2023.
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News
Forgotten but not gone: what’s not in the Autumn Statement
Every Budget or Autumn Statement is notable for the measures not announced as much as those presented at the despatch box.
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News
London Property Alliance urges government to remove VAT from retrofits
The London Property Alliance (LPA) has called on the government to remove VAT for retrofitting projects - one of a raft of measures it said it would like to see introduced in the Autumn Statement.
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Insight
Was housing really trussed by Liz?
Blink and you’d have missed them, but a year on from Liz Truss and Kwasi Kwarteng’s widely derided clanger of a ‘mini Budget’, housebuilders and estate agents are still reporting the aftermath. Imagine if the former prime minister and chancellor had unleashed a ‘maxi Budget’?
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News
Spring Budget: Failure to cut business rates is ‘desperately disappointing’
Chancellor Jeremy Hunt’s Spring Budget detailed plans to halve inflation, grow the economy and get debt falling, but industry figures were disappointed by its failure to cut business rates.
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News
Spring Budget: Hunt ‘missed the opportunity’ to reduce embodied carbon in retrofitting
The chancellor has been accused of missing the opportunity to introduce tax incentives for reducing embodied carbon in retrofit and refurbishment projects in this year’s Spring Budget.
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News
Spring Budget: £500m boost for West Midlands housing and regeneration
The Deeper Devolution Deal for the West Midlands Combined Authority (WMCA) confirmed in chancellor Jeremy Hunt’s Spring Budget has secured £500m to support housing and regeneration across the region.
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News
Spring Budget: There cannot be economic growth if housing market is not fixed
The Spring Budget focused on the government’s plans to boost economic growth, but property experts say there cannot be sustainable economic growth if the housing market is not fixed first.
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News
Spring Budget: Financial barriers to retrofitting must be removed to reach net zero
Property experts have urged the chancellor to remove financial barriers to retrofitting residential and commercial buildings ahead of his Spring Budget tomorrow as net zero targets look unreachable.
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Online
Watkin Jones blames Kwarteng’s mini-budget for annual revenue and profit falls
Student accommodation and build-to-rent group Watkin Jones has blamed Kwasi Kwarteng and Liz Truss’ mini-budget on a last-minute hit on the group’s annual figures after revealing falls in both revenue and profit for its last financial year.
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News
Jeremy Hunt’s 7% social housing rent cap met with ‘relief’
Chancellor Jeremy Hunt’s decision to cap social housing rent increases at 7% in England has been met with a mix of relief and concern by landlords in the sector.
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Online
Winkworth raises profit forecast despite higher mortgage costs after mini-Budget
In a trading update for the 10 months to the end of October, estate agency group M Winkworth told investors that the residential property market remained strong in the third quarter.
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Online
Autumn Statement: Chancellor unveils plans for stability, growth, and public services
Chancellor Jeremy Hunt said in his Autumn Statement today that he aimed to restore stability to the economy, protect high-quality public services and build long-term prosperity for the UK.