The Confederation of British Industry (CBI) has urged the Chancellor to make house building and home finance the main plank of his upcoming Budget in order to boost confidence in the economy.
The prominent business lobby’s proposals included investing £1.25bn into 50,000 affordable homes, expanding the NewBuy scheme to those with negative equity and introducing a housing deposit individual savings account. CBI director general John Cridland (pictured) said: “The government must stick to its fiscal plan but now is the time to kick-start confidence. “Our measures will provide another boost for the housing market and will benefit first-time buyers, those trapped in negative equity and those looking to refurbish their homes. “We must supercharge the NewBuy scheme to allow s...
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