Autumn Statement: Cash for new homes likely to take centre stage

BILLIONS of pounds for housebuilding is set to be pledged by Chancellor George Osborne today when he lays out Government plans to spend £4 trillion of taxpayers’ money over the next five years.

But Whitehall budgets are also expected to take £20bn of cuts and welfare will also be slashed by £12bn in Mr Osborne’s Autumn Statement and Spending Review.

Some £7bn is to be promised to prioritise housebuilding, particularly for 400,000 affordable homes in England.

However, the Chancellor is also likely t... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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