Movera comment on Chancellor Rachel Reeves housing announcement

Nick Hale, Chief Executive Officer at Movera, a group of home moving businesses including ONP Solicitors, commented: “Chancellor Rachel Reeves announcement today is a clear signal of Labour’s commitment to address the housing crisis. Building 1.5 million homes over this parliamentary term is an ambitious goal that, if achieved, will significantly alleviate the pressures in the current housing market. It represents a pragmatic approach to policy-making, prioritising the immediate need for affordable and accessible housing. By streamlining planning processes, the government could not only facilitate faster development but also ensure that these new homes meet the diverse needs of our growing population.

“However, addressing stamp duty and overall affordability is crucial. The government must work with the sector to prevent any disruptions and ensure these plans are implemented effectively, so the benefits of increased housing supply reach potential buyers.”

Published: 09 July 2024