Reflecting on the Autumn Statement & latest OBR forecasts

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The government’s ability to boost housing delivery is limited as higher mortgage rates curb demand, says Tom Bill.

Written by

Tom Bill

Head of UK Residential Research at Knight Frank

Tom Bill is Head of UK Residential Research, producing reports that include Knight Frank’s flagship Prime Central London indices, the Super Prime London Insight and the London Residential Review. He has written detailed reports on London sub-markets and contributes to The Wealth Report and Global Cities report. Tom, a former Bloomberg and Reuters property journalist, is a regular media contributor on the London property market and has presented at events in Europe and the Middle East.

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Main image: The Chancellor prepares for the Autumn Statement 2023 (Kirsty O'Connor/HM Treasury)

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Financial markets have been calmer since Jeremy Hunt took to the floor, but the reversal of Kwasi Kwarteng’s stamp duty cut highlighted a paradox, writes Tom Bill.
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Capital Gains Tax rather than stamp duty has been the subject of speculation ahead of Thursday’s announcement
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Tax cuts have been welcomed, but industry insiders wanted to see more interventions to boost property transactions.