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Evening Standard
Evening Standard
Business
Anna White

Budget 2023: Why Jeremy Hunt ‘missed a trick’ in ignoring the property market

Chancellor Jeremy Hunt dodged the opportunity to urgently boost housing supply and tackle double digit rising rents for young tenants in London, in a Spring Budget that was billed as helping Britons "everywhere".

Unusually, his address this week did not include any housing market announcements. Mr Hunt entirely failed to increase the much-needed supply of affordable, starter and family homes to buy or rent. In fact, he also omitted any mention of the Conservative Party’s 2019 manifesto pledge to build 300,000 new homes per year.

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