Economy to bounce back 6 months earlier than expected

Posted on Friday, October 29, 2021

  • The Chancellor described the economic picture as “strong” in the short term, with the Office for Budget Responsibility expecting the economy to return to pre-pandemic levels 6 months earlier than expected (by 2022).
  • Key housing market announcements included funding for new homes, brownfield land and the removal of dangerous cladding, funded by a 4% developer tax (firms with profits over £25m).
  • To turn Generation Rent into Generation Buy, the government is building on existing commitments by confirming a nearly £24 billion multi-year settlement for housing.
  • The Chancellor has also promised £65 million to improve England’s planning system, including digitisation to allow easy access to local plans. Source: Dataloft,
  • ••• This four-part gif is also available as separate jpegs from the charts library.