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CIH Scotland comments on Autumn Statement

CIH Gives its reaction to the Chancellor’s Autumn Statement

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Commenting on the Chancellor’s Autumn Statement, presented today (23rd November) to the House of Commons, CIH Scotland Executive Director Annie Mauger said:

“Tenants in England will welcome the new ban on letting agent fees, which have already been successfully introduced here in Scotland. We would like to see a greater focus from the Chancellor on boosting the supply of a wider range of housing tenures. Private housebuilders cannot build homes at a faster rate than they are able to sell them. Even with increased government support for first time buyers, there will still be a natural limit to demand and the rate at which the market can ‘absorb’ new homes. Building for a wider range of tenures, including more affordable homes to rent, would increase absorption rates. I hope that the Scottish Government will consider this when determining how to use the consequential additional funds that will flow to the Scottish budget as a result of today’s Autumn Statement.”

Annie Mauger concluded:

“We also share concerns with many others in the housing sector about the negative impact of proposals to widen the Local Housing Allowance cap to include all tenants on Universal Credit rather than only those starting a tenancy after April of this year. Our hope remains that the Scottish Government is able to counter this damaging change in policy as new welfare powers are transferred to Holyrood. But better still would be for the policy not to go ahead in the first place.”