Ten property takeaways from the Budget

BUDGET 17: Housing was last but not least on chancellor Philip Hammond’s agenda in a Budget delivered amid a large downgrading of the UK’s growth forecast.

GDP was revised down by the Office for Budget Responsibility to 1.5% in 2017, 1.4% in 2018 and 1.3% in 2019, before increasing to 1.5% in 2020.

The chancellor reaffirmed “a pledge of fiscal responsibility” amid the downgrade, but said he will “use some of the headroom” established in this year's Spring Budget to invest.

However, Hammond also delivered a bumper package of investment in housing