Hammond Re-Announces Existing Tory Housing Policy

Philip Hammond says housing is the “number one priority” for his Budget, well he’d better hope he’s got more in his locker than what was pre-briefed to the Sundays. The top line announcement of 300,000 new homes a year is already Tory policy – just last month Sajid Javid was using the same number. Not only is Hammond’s ‘new’ target not new, it is also entirely underwhelming. Last year 217,000 houses were built and that didn’t make a dent in the housing crisis. A meagre increase of a quarter is nowhere near what Tory MPs have been asking for. Saj reckons they need to spend £50 billion to make a difference, Hammond is offering just £5 billion.

The verdict from the experts is damning – the Times‘ property correspondent says “even for current government’s standards, this has to be the weakest set of measures to fix the housing crisis seen in a long time”. The Chancellor’s other damp proposal to launch an inquiry into landbanking is classic Hammond and already has industry figures groaning. Meanwhile the think tanks are tearing their hair out, with the Institute of Economic Affairs bemoaning his refusal to countenance building on the green belt and the Adam Smith Institute arguing stamp duty should be abolished. Last week the government were promising us “real action” on housing and a Churchillian effort from Hammond to get Britain building. He needs something much bigger than this on Wednesday…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

A senior Brexiter:

“If Theresa and Julian have sold us out here they are in real trouble. She reassured us all at the 1922. There is no way she can recover if she has now fucked us over.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Labour Candidate on “Holocaust Mongers” Labour Candidate on “Holocaust Mongers”
Lansman to Discuss Corbyn Anti-Semitism “Smears” in Israel Lansman to Discuss Corbyn Anti-Semitism “Smears” in Israel
WATCH: May Speech Brings About Policy Exchange Collapse WATCH: May Speech Brings About Policy Exchange Collapse
Tories Make Sick Labour MP Vote in Wheelchair Tories Make Sick Labour MP Vote in Wheelchair
Leaked Emails Show DfT Lied About Northern Rail Leaked Emails Show DfT Lied About Northern Rail
Alan Sugar Tries to Get Sacked from BBC Alan Sugar Tries to Get Sacked from BBC
May Considers Asking to Stay in Single Market for Goods May Considers Asking to Stay in Single Market for Goods
Smith Must Hold Firm Against Grieve Smith Must Hold Firm Against Grieve
Eurotunnel: Don’t Buy Border Scaremongering Eurotunnel: Don’t Buy Border Scaremongering
CCHQ Defaced With Anti-Heathrow Graffiti CCHQ Defaced With Anti-Heathrow Graffiti
Labour Parliamentary Candidate Distances Herself From Rothschilds, ‘Zion Scum’ and ‘Fake Jews’ Tweets Labour Parliamentary Candidate Distances Herself From Rothschilds, ‘Zion Scum’ and ‘Fake Jews’ Tweets
Saj: Time to Review Scheduling of Cannabis Saj: Time to Review Scheduling of Cannabis
Sally Bercow: We’re Not Packing Bags Yet Sally Bercow: We’re Not Packing Bags Yet
Shouty Cracker Lord Moat’s Mask Slips Shouty Cracker Lord Moat’s Mask Slips
Jolyon’s Mystery £100,000 Donor Jolyon’s Mystery £100,000 Donor
Sandbach: I”ll Report Non-Constituents to Police Sandbach: I”ll Report Non-Constituents to Police
How Dominic Cummings Cost Taxpayers £20 Billion How Dominic Cummings Cost Taxpayers £20 Billion
Collins Data Breach Collins Data Breach
Onward to Higher Taxes Onward to Higher Taxes
Meet Love Island DfE Adviser Meet Love Island DfE Adviser