'The Budget needed to tackle the housing crisis once and for all; what we got was a deafening silence'

Ben Beadle, chief executive at the NRLA: “The chancellor has once again ignored calls to revitalise long-term investment in quality rented homes in favour of tinkering at the margins for short-term gain.  

"Increasing taxes on holiday lets and cuts to capital gains tax will make no meaningful difference to the supply of long-term rental properties. Meanwhile, those reliant on housing benefits still do not know if their benefits will be frozen from next year or not. 

"The Budget needed to tackle the housing crisis once and for all; what we got was a deafening silence. This was a missed opportunity to make providing new homes to rent and buy the priority it desperately needs to be.”