Budget 2017: Hidden taxes, housing and devolution


LISTEN: Autumn Budget 2017


The industry has responded with mixed reactions to the Autumn Budget. From business rates and stamp duty changes, to infrastructure investment and that capital gains tax bombshell, there was plenty for the sector to digest.Read more


Housing
Stamp duty abolished for all first-time purchases of up to £300,000. This is available on first £300,000 on purchases of up to £500, 000 in London
An urgent review established to look at gap between housing permissions and completions - an interim report due to be published by the spring statement. Read EG's data analysis on residential applications crash by a third
Hammond makes his formal pledge: £44bn to build 300,000 homes a year by the mid-2020s
Local authorities will be able to charge a 100% council tax premium on empty property, Hammond says
Government will increase targeted affordability funding for housing by £125m over next two years, benefiting 140,000 people
Business Rates
After next revaluation, full business rates revaluations will take place every 3 years
Business rates will switch from RPI to CPI two years early in Apr 18, which will save small businesses £2.3bn over 5 years, Hammond says
Infrastructure
£1bn of discounted lending to be made available to Local Authorities across the country to support infrastructure projects
The Regions
Chancellor pledges £1.7bn to support NPowerhouse + Midland Engine - 50% to go to areas with elected mayors, 50% up for grabs for other areas

Government to open negotiations for a Belfast city deal

Seven key trends that defined the regions in 2017

It’s been a good year for the regions – and not just in the recent Budget announcements. Stacey Meadwell reviews the successes of the past 12 months

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Budget 2017: Fuel for the proptech rocket

There has been plenty of press about planned tax changes, which are the obvious takeaways from the Budget for property investors. However, if you look deeper the real returns are in property technology, writes Sonny Masero, chairman of Demand Logic.

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West Midlands races ahead with second devolution deal

BUDGET 2017 Housing, technology and transport are highlighted in the West Midlands Combined Authority’s new devolution deal, announced in this week’s Budget

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Editor’s comment: Budget proves ministers are wary of industry

It wasn’t quite the promised Budget for housing (but could any Budget have undone decades of neglect?) though there were welcome steps in the right direction

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Ten property demands for the Budget

Forecasts for the big speech.

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PODCASTS: Property on the Budget

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Spring Budget 17: key takeaways

EG reports on the announcements

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Outrage at Hammond’s lack of ambition

EG gathers reaction from real estate property professionals.

Business rates: why there are no winners

The impact of business rates on businesses around the country.

Response to business rates relief

Daniel Watney’s head of rating Debbie Warwick explains why she is disappointed by the Budget.

Rates: spectacular lack of ambition

Gerald Eve's Jerry Schurder gives his view on the chancellor's business rates changes.

Response to business rates relief

The OBR forecasts accompanying the Budget for UK growth could be optimistic.

Business rates: reading between the lines

British Property Federation finance director Ion Fletcher responds to the Budget.