Pre-Budget Report: Housing

Gordon Brown has announced a package of measures aimed at increasing Britain's housing supply.

The chancellor said he was committed to building more homes for future generations by bringing forward "an ambitious package of measures".

And he said reforms of the planning system and increased investment in infrastructure would "support sustainable housing growth".

Brown said a new tax - called a "planning gain supplement" - would increase the estimated £2.5bn generated annually by local planning agreements.

 

Stakeholder Response: Council of Mortgage Lenders