Building homes and getting people onto the housing ladder is of great benefit to the overall economy’s prosperity

"The chancellor has produced a welcome budget focused on growth and future economic prosperity, but there is an elephant in the room – housing. We have an ongoing state of affairs where young people without the Bank of Mum and Dad are unlikely to ever be able to afford their own home, and that needs to be addressed. 

"Promoting affordable ownership through vehicles such as shared ownership or even having simply extended Help to Buy by a couple of years would have helped our younger generations have a realistic chance of homeownership.

"Crucially, it would also have helped encouraged housebuilders to keep building, as these firms will down tools and cut building programs back if they can’t sell their inventory. Building homes and getting people onto the housing ladder is of great benefit to the overall economy’s prosperity."