Countrywide plc comments on the Chancellor's Budget 2014

Countrywide plc

Wednesday, March 19, 2014

Commenting on today’s Budget, Grenville Turner, Chief Executive of Countrywide plc, said:

“We are pleased that the Government chose today’s Budget to make key housing announcements that enforce the need to keep ‘Britain moving’.

“We welcome the Government’s decision to extend the Help to Buy Equity Loan scheme to 2020, encouraging house builders to produce much needed new homes across the country. The Government’s announcement to build a new garden city in Ebbsfleet, providing an initial 15,000 new homes, as well as the regeneration of Brent Cross, is a good start.

“Housing is a key enabler to broader economic growth, having a knock on effect on employment and consumer spending. It is pleasing to hear that house building is up 23% and the Government has pledged £1/2 billion worth of finance for small house builders to get them building more new homes.  However, we remain disappointed that the Government did not take the opportunity to announce a more innovative and fairer solution to the Stamp Duty Land Tax system by reviewing both the thresholds and the current ‘slab’ mechanism.”

-Ends-

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