We at Coffee House have compiled a list of Budget rumours and predictions that have been in the newspapers over the last few of days. The round-up below should give you a good idea of what to expect tomorrow:
HOUSING
• £1billion rescue plan for housing market
• £1billion housing plan will include a fund to reverse the trend of 30 years and build thousands of council houses, with intervention to rescue housing developments that have not got ahead or have been left unfinished.
• The Chancellor will say that the Treasury is ready to go into partnership with private companies to ensure that developments proceed.
• Whitehall will buy houses on some estates to turn them into social housing or shared equity schemes.
• Freeze on stamp duty on properties up to £175,000 to be extended until December.• Up to 40,000 homeowners who have lost their jobs or had a sudden loss of income are expected to be helped under the Homeowner Mortgage Support Scheme to be launched today.
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