Autumn Budget 2017 Set to Focus on Fixing UK Property Market
By:Siobhan McNichols
The Chancellor Philip Hammond is due to announce the first ever Autumn Budget later this afternoon, and it is anticipated that there will not be many major changes.
![2017 Autumn Budget Chancellor Property Market 2017 Autumn Budget Chancellor Property Market](/news-articles/uk-housing-investments-autumn-budget-2017.jpg?w800;h450;)
Many topics are rumoured to be on the agenda, including changes to pensions, national insurance increases, and pay rises for nurses.
He is also expected to reveal details of a single-use plastics tax that will include a tax on takeaway food boxes, bubble wrap and disposable coffee cups.
Although there is much speculation surrounding the Budget, there has been confirmation that housing is a priority for the Chancellor.
Possible changes to the stamp duty land tax are on the horizon, whilst bans on letting agency fees have been proposed by the Government.
A hallmark of the Budget is building new properties, with the Chancellor stating:
"We need to get to 300,000 units a year if we are going to start to tackle to the affordability problem."
Ahead of the full details, property experts PrinvestUK published their predictions for the Autumn Budget.