{"id":118411,"date":"2022-11-15T10:26:38","date_gmt":"2022-11-15T10:26:38","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=118411"},"modified":"2022-11-15T10:26:38","modified_gmt":"2022-11-15T10:26:38","slug":"affordable-housing-must-be-a-priority-of-the-autumn-statement-says-ajc-group","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/affordable-housing-must-be-a-priority-of-the-autumn-statement-says-ajc-group\/118411\/","title":{"rendered":"Affordable housing must be a priority of the Autumn Statement, says AJC Group"},"content":{"rendered":"

As the latest chancellor’s Autumn Statement approaches, industry voices are asking how it can boost the delivery of affordable housing<\/h2>\n

After a politically eventful summer and early Autumn, the industry is looking towards chancellor of the exchequer Jeremy Hunt’s new Autumn Statement, due on Thursday 17 November, and how it might impact the demand for affordable housing amidst the housing crisis.<\/p>\n

It is believed that the statement will be more orientated around cutting spending rather than increasing taxes, with possible exceptions in capital gains tax and council tax.<\/p>\n

Apart from stamp duty changes, very little from the chaotic September mini-budget remains<\/h3>\n

Paul Woodward, finance director for Dorset-based affordable housing specialist AJC Group<\/a>, said: \u201cAfter a period of much economic and political turbulence, so much is resting on Jeremy Hunt\u2019s Autumn Statement.<\/p>\n

\u201cWe welcome the fact that the Stamp Duty threshold changes<\/a> that were put in place in the Mini Budget on 23rd<\/sup> September are being maintained. First time buyer properties are Stamp Duty exempt up to \u00a3425,000, which is helping many more hard-working people to get a foothold on the ladder. However, very little else from the Mini Budget \u2013 which was only nine weeks ago \u2013 still stands, and we all await Thursday\u2019s Autumn Statement.<\/p>\n

Energy efficiency must be a priority for both new and old housing stock<\/h3>\n

\u201cWith the Energy Price Guarantee<\/a> now only being in place for six months \u2013 rather than the two years that was originally promised \u2013 there should be a huge focus on delivering highly energy efficient new homes and retrofitting existing housing stock<\/a>. However, the UK\u2019s broken planning system \u2013 and the prolonged debacle to determine phosphates, nitrates and nutrient neutrality \u2013 means a green light for new development is few and far between.<\/p>\n

\u201cFor developers such as us who do have live sites, the cost of delivering much-needed EPC-A and B rated homes has sky-rocketed. We are currently delivering 230 affordable, open market, and build-to-rent homes at seven sites across the Wessex region. The cost of labour, materials, plant, and machinery<\/a> is incomparable to the original budget forecasts. We are very aware of how much this uncertainty is slowing down housebuilding across the country.<\/p>\n

\u201cWe very much hope for some welcome news and more economic certainty on Thursday, enabling the housebuilding industry to progress with investment decisions and continue to strive towards delivering the 300,000 new homes per annum that the UK desperately needs.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

As the latest chancellor’s Autumn Statement approaches, industry voices are asking how it can boost the delivery of affordable housing. <\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[908,430,276,571,569],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-118411","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-economy","8":"tag-energy-efficiency","9":"tag-government","10":"tag-housing-crisis","11":"tag-housing-standards"},"acf":[],"yoast_head":"\nAffordable housing must be a priority of the Autumn Statement<\/title>\n<meta name=\"description\" content=\"As the 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