There’s always a rush to comment on a Budget, but rushed reactions often see the downsides first – what the Budget got wrong and opportunities missed. Maybe waiting two weeks makes the difference, but on balance it seems to be a positive, relevant Budget for the industry. Focussing on the positives…
Deregulation and relaxing planning permissions to encourage building could be the spark that moves the industry up a gear.
Removing the barriers to building homes is a good thing for our industry.
With every new house built you encourage someone to take their first step onto the property ladder. But many new homes are bought by existing homeowners and moving house is one of the biggest triggers for home improvements. Moving home sets up a chain reaction between a number of buyers and sellers, depending on how long their chain is.
Not every move triggers an immediate burst of home improvement, but most are improved sometime in the next five years. Moving home has a ripple effect. Whatever they improve, it’s good for the industry.
More new homes built leads to more home improvements which leads to more doors and windows.
The Chancellor didn’t do all we’d like him to, but he created the conditions for good steady growth. Good news, surely?