Paul Marinko 26 March 2025

Spring Statement: Chancellor banks on house building adding £6.8bn to economy

Spring Statement: Chancellor banks on house building adding £6.8bn to economy image
Image: © UK Parliament.

The chancellor's Spring Statement has highlighted the benefit of housebuilding for improving public finances and focused on defence investment for regional growth.

Rachel Reeves told the House of Commons that the Office for Budget Responsibility (OBR) had estimated that Labour's planning reforms and house building policies would add £6.8 billion to the economy by the end of the decade.

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