Budget 2018: impact on construction at a glance

By Jordan Marshall2018-10-29T17:36:00

Philip Hammond delivers the 2018 Autumn Budget

Source: Building Design / Parliament TV

Housing, apprentices and high streets all mentioned during Hammond’s hour-long address

The chancellor today announced the end of an era for PFI by scrapping future schemes under the initiative - although honoring current projects – while Help to Buy received a two-year extension although it will be axed from 2023.

Speaking in the House of Commons this afternoon, chancellor Philip Hammond (pictured) said the controversial Help to Buy scheme would be applicable to first time buyers only, and there would be regional price caps on eligible properties.

Take a look at the changes Hammond confirmed during his address to parliament.

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