Autumn Budget 2023: 7 Key Takeaways
This year’s Autumn Statement 2023 includes more than 110 measures to help boost the British economy, covering a huge array of topics.
Here are the 7 top takeaways relating to the property industry:
- Local Housing Allowance increases to support lower income tenants.
- Self-employed landlords and letting agents receive tax cuts.
- Measures to support increased homebuilding may alleviate pressures on the sector.
- Further opportunities for property developers, including converting houses to flats.
- Smaller agencies to benefit from business rate relief.
- Higher wages for lower earning tenants and property professionals.
- One pension pot for life to affect entire rented sector.
