Budget 2024: Changes to Homes, Property and Construction
Each autumn, the government’s financial plan is presented by the Chancellor of the Exchequer in the form of a budget statement, which details how the government plans to generate, spend and invest money for the upcoming year. A lot is covered in the budget and it’s a key event in the financial calendar, with economic growth, employment, welfare, healthcare, public services and infrastructure all being mentioned.
This year was no different and on 30th October, Chancellor Rachel Reeves delivered Labour’s first budget in 14 years, and a lot of big changes were announced. Following Sir Keir Starmer’s Prime Minister’s Questions, Reeves took centre stage to deliver the statement, which focused heavily on property and building.