Comment on Autumn Budget: "Yet another spending spree" - John Goodall, CEO of Landbay

Following the Chancellor’s Autumn Budget announcement, John Goodall, CEO of Landbay has commented: “In this budget the Chancellor seems to have rolled back the years of austerity with yet another spending spree. We will need to see if tax receipts really do cover this if the Chancellor is to meet his goal that every day spending is to be paid for through taxation.

“The £11.5billion investment in 180,000 new affordable homes will be helpful – if they actually get built. The government is woefully short in its target to build 300,000 new homes a year so we need to see the detail of exactly how that is to be achieved.

“The investment relief to encourage businesses to adopt green technologies will be a welcome help limited company landlords to achieve the required EPC rating of C or above which will be required to rent their properties out from 2025”

Published: 28 October 2021