Budget 2024: “Invest, invest, invest!” Is increased investment enough to deliver on Labour’s housing pledges?
By Alex Govier2024-11-01T12:36:00
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.
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