Response to Autumn Budget from NHF

Responding to the Autumn Budget, Kate Henderson, Chief Executive of the National Housing Federation, said:

Housing

“The Chancellor’s announcements on housing today are not the wholesale changes needed to fix our broken housing market.

“We desperately need tens of thousands more social homes to be built every year, which is why we are disappointed that the Government has missed a real opportunity to overhaul how land is sold.

“The current set up means last year landowners pocketed more than the global profits of Amazon, McDonald’s and Coca Cola combined, raising the cost of land and making it almost impossible for organisations who want to buy land for social housing to afford it.

“More of this profit must be used for building social housing. The housing crisis will never be solved until the price of land radically changes.”

Universal Credit

“It’s good to see the Government address some of the problems with Universal Credit. Housing associations have been saying for a long time that for many it is not working.

“Despite extra support from housing associations, many people in social housing are being pushed in to financial and emotional distress, debt and arrears under Universal Credit due to the five week gap before the first payment, delays in receiving their monthly payments, mistakes made by the system and a lack of information. People on Universal Credit are more than twice as likely to be in debt compared to all other social housing tenants.

“This promised £1bn cash injection must be used to urgently resolve as many of these problems as it can. Similarly, the promise to increase work allowances by £1,000 is welcome, but the Government must ensure people receive the money they desperately need, when they need it, before even more people are moved on to the system.”

Source of information NHF

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

The ‘Rentvesting’ Strategy: Owning a Home Where You Can’t Afford to Live

Oh, the ever-evolving property market. Keeps us wondering: how will I keep my head above water? And this is how a war-like property strategist is born. One of these savvy strategies is called: rentvesting. This is the art of renting where you want to live and buying where it fits your wallet.  Getting your foot…
Read More
Rightmove logo
Breaking News

Momentum gathers for retail investment as Bank Rate cut again

Demand to invest in retail property was up by 30% in Q3 2025 compared to the same period in 2024 The office market is also continuing to recover, with investment demand up by 31% over the same period, and leasing demand up by 7% Overall demand to invest in commercial property was up by 11%…
Read More
Breaking News

Surge in first-time buyers’ preference for cheaper homes subsides as market adjusts to April’s stamp duty changes

Proportion of first-time buyers purchasing properties under £300k decreased to 64.3 per cent in September, following a peak of 72.0 per cent in May after changes to stamp duty thresholds Detached and semi-detached homes now make up nearly two-thirds of non-first-time buyer purchases, as ‘second-steppers’ look for long-term security Spending on mortgage and rental payments…
Read More
Breaking News

UK House Price Index summary: August 2025

The average price of a property in the UK was £273,000 The annual price change for a property in the UK was 3.0% The monthly price change for a property in the UK was 0.8% The monthly index figure (January 2023 = 100) for the UK was 104.6   Colleen Babcock, Rightmove’s property expert, says:…
Read More
Breaking News

Breaking Property News 22/10/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Why software audits matter for Proptechs In today’s hyper-competitive real estate technology landscape, scaling too quickly, or operating with outdated or inefficient systems can expose firms to risks far beyond lost opportunities. That’s why an increasing number of organisations are turning to a specialised…
Read More
Estate Agent Talk

Demand for project properties soars versus general market

New research from The Property DriveBuy reveals that demand for fixer-upper properties is easily eclipsing overall market demand as homebuyers demonstrate a strong appetite for renovation projects amidst ongoing affordability restrictions due to stubbornly higher mortgage rates and slow but steady house price growth. Across England, there are currently an estimated 601,525 homes listed for…
Read More