Budget 2018: Hammond called time on PFI and Help to Buy, so what next?

By Chloë McCulloch2018-10-31T07:00:00

PFI may be on the way out, but Hammond was careful not to condemn all public-private partnerships. What will replace it?

Fiscal Phil, as the chancellor likes to call himself, used his Budget to go on a very politically targeted spending splurge: the NHS, universal credit and income tax cuts were the main beneficiaries, but there were some significant announcements for construction too.

The government knows that to hit its 300,000 homes a year target it has to turn to affordable housing, and that – combined with wobbles in the housing sales market – makes it an attractive sector for private investors

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