Leader welcomes Chancellor’s measures to boost productivity and housing

Local business

Posted on: 22 November 2017

Devon County Council leader John Hart said he welcomed a number of the Chancellor’s measures, particularly those aimed at boosting productivity and housing.

“It is vital that the Government tackle the large land banks that are being held by a handful of big housebuilders and free up smaller builders to create homes for our young people,” he said.

“The abolition of Stamp Duty for first-time buyers is also a very useful benefit for young families in our lower-waged, higher- priced housing market. But ultimately we have to increase the supply of land that’s available and the number of housebuilders in order to increase the quantity and variety of homes being built.

“That’s something we will tackle as part of our devolution bid for Devon and Somerset along with our ambitious plans to improve skills and increase productivity.

“I was heartened to see the Government looking at more devolution packages and we are telling them consistently, give us the powers and we will deliver.

“Obviously the devil is in the detail, but at first sight there are benefits for local government and it’s good to see more money for the NHS. We are working closely with the health service locally to reduce winter pressures.

“I’m pleased to see support for better teaching and, in a rural county like Devon, it is always encouraging to see fuel duty frozen.”

1 comment on “Leader welcomes Chancellor’s measures to boost productivity and housing

  1. Jeremy says:

    The impact of stamp duty abolition for houses under £300,000 will be minimal because it’s not the duty that is the real problem, it’s house price inflation that puts house prices beyond the reach of many first time buyers. I’m told the average deposit needed is about £32,000. How many first time buyers can afford to buy a house at the moment? Not many. The stamp duty measure only really helps existing houseowners and wealthier (ie higher priced homes) areas. It is genuinely affordable housing that is needed as well as making developers adopt a “use it or lose it” approach to developing brownfield sites etc where permission has already been granted.

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