Housebuilders braced for Help to Buy overhaul in Budget

By Joey Gardiner2018-10-25T06:00:00

Changes expected next week as scheme attracts mounting criticism over claims it pushes up executive pay

Housebuilders are steeling themselves for changes to the government’s Help to Buy scheme in next Monday’s Budget – but the industry is stopping short of expecting to see chancellor Philip Hammond cancel the five-year-old initiative completely.

The scheme has drawn mounting criticism since it was launched in 2013 by former chancellor George Osborne, with accusations that it has helped fuel levels of executive pay at housing firms, such as the bonus payments picked up by Persimmon bosses, and that it should only be used by first-time buyers.

…

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community