Our reaction to the Autumn Budget 2024

Today we've shared our reactions to the government's Autumn Budget. Here are comments from our Group Chief Executive Officer, Bjorn Howard in response to Rachel Reeves' speech:

“We’re encouraged by the social rent consultation announced in the Budget. A five-year settlement will help create some certainty. It means we can better plan for the long-term for vital things like our investment programmes in our existing homes so they’re the best quality they can be, while continuing our work to support our customers with their financial wellbeing.

“Further support for social housing is good news, and we welcome every government measure that helps address the housing crisis. Today’s additional funding for the Affordable Homes Programme is another positive step forward, and we hope it’s a sign of greater things to come in the Spring Statement. It’s also encouraging to see the funding for 300 new planning officers, recognising the pressures local authorities are under when it comes to managing the applications for much needed affordable homes.

“Support for every type of tenure is essential if the country is to deliver a safe, quality home for everyone. This includes shared ownership, which is an underutilised route to owning a home, and community-led housing projects. Schemes like these which allow local voices to be heard during their design will be an important part of the plan to create truly affordable homes. Collaboration will be critical, and we will continue to play our vital role in supporting housing delivery.”