FINANCE

Spring Statement: Chancellor banks on house building adding £6.8bn to economy

The chancellor’s Spring Statement has placed faith in housebuilding improving public finances and focused on defence investment for regional economic growth.

Rachel Reeves © Martin Suker

The chancellor's Spring Statement has placed faith in housebuilding improving public finances and focused on defence investment for regional economic growth.

Rachel Reeves told the House of Commons that the Office for Budget Responsibility (OBR) had estimated that Labour's planning reforms and house building policies would add £6.8 billion to the economy by the end of the decade.

Paul Marinko

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