RIBA president Muyiwa Oki has dubbed chancellor Jeremy Hunt’s Spring Budget a “missed opportunity” for the built environment and described the funding announced for new homes as a “drop in the ocean”.

Hunt this afternoon took more than an hour to deliver what is widely expected to be his last budget before the next general election to a highly-charged House of Commons.

Headline elements such as a further decrease in National Insurance contributions had already been announced earlier in the week.

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