Developers will have been watching the recent Autumn
budget with a keen eye and will by now have had a chance to digest
its implications. Whilst the Chancellor offered a number of
incentives for development, there are doubts that these alone will
be effective in kickstarting development and tackling the housing
crisis.
The budget was heralded as particularly important, as it
presented an opportunity for the UK to show the rest of the world
that, in spite of Brexit, we are still open for business. How the
Chancellor, Philip Hammond, was to achieve this drew demands for
greater public spending from Labour and for fiscal caution from the
Office for Budget Responsibility. However, as BBC political editor
Laura Kuenssberg predicted, a chancellor with no majority, no
money, and an aversion to borrowing was unlikely to take many
risks.
