06 Mar 2024

CIH reaction to Spring Budget

The Chancellor of the Exchequer, Jeremy Hunt, delivered his Spring Budget to the House of Commons today. 

Responding to the announcements Gavin Smart, Chartered Institute of Housing chief executive commented:

“From a housing perspective, this was a disappointing budget. Given the significant housing crisis that we’re currently navigating there was no mention of the urgent action needed to address this.

"There were some welcome announcements to help support people in debt, such as the temporary extension of the Household Support Fund, which we had called for, and the abolition of the Debt Relief Order charge, but they won’t bring down rising housing costs.

"In our pre-Budget submission we called for urgent action to boost social housing supply, invest in homelessness prevention and decarbonise the residential sector. These calls remain and we’ll continue to push the government to go further. We need a sustainable housing system to support a vibrant economy.”

We’ll be examining the detail and producing a member-exclusive what you need to know for CIH members on the Budget shortly. To find out more you can download and read the full Spring Budget from government and CIH’s pre-Budget submission.