Tag: OBR
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UK housing to drop 17% by 2026, OBR Budget leak shows
A leak from the Office for Budget Responsibility (OBR) ahead of the official November Budget reveals that the number of houses built in the UK is set to fall sharply in the coming years. Net additions to the housing stock are projected to drop from 260,000 homes a year in the early 2020s to just…
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Government rejects OBR warning of 200k homes shortfall
The government has insisted its pledge to build 1.5 million new homes by 2029 is still achievable, despite warnings from the UK’s budget watchdog that it may fall short. The Office for Budget Responsibility (OBR) predicts only 1.3 million homes will be built under existing reforms unless unforseen changes are made. However, the government have…