Budget 2024: “Invest, invest, invest!” Is increased investment enough to deliver on Labour’s housing pledges?

Alex Govier_landscape

Labour’s latest Budget underscores investment as key to housing growth, but will the measures go far enough to tackle critical shortfalls in planning and local government support, asks Alex Govier

Since the General Election in July, almost every conversation we at Public Practice have had with local authority officers has involved the Budget. This week, we finally heard what the first Labour Budget in almost 15 years had in store for local government and the wider housing sector.

In the opening lines of her Budget statement, Rachel Reeves said the only way to drive economic growth is to ‘invest, invest, invest’. The Government’s focus on driving investment is particularly important for delivering on its ambition to build 1.5 million homes in the next five years, and unsurprisingly, housing featured extensively in the Chancellor’s speech.

This content is available to registered users | Already registered?Login here

You are not currently logged in.

To continue reading this story, sign up for free guest access

Existing Subscriber? LOGIN

REGISTER for free access on selected stories and sign up for email alerts. You get:

  • Up to the minute architecture news from around the UK
  • Breaking, daily and weekly e-newsletters

 

Subscribe to Building Design and you will benefit from:

Gated access promo

  • Unlimited news
  • Reviews of the latest buildings from all corners of the world
  • Technical studies
  • Full access to all our online archives
  • PLUS you will receive a digital copy of WA100 worth over £45

Subscribe now for unlimited access.