G15's response to the Budget

In response to the Budget, Fiona Fletcher-Smith, Chair of the G15 and Chief Executive of L&Q, said:

"There is much to appreciate in this Budget, especially the £500m pledge to the Affordable Homes Programme. We are also pleased with the government’s promise to support the remediation of social homes to remove dangerous cladding, which was previously mostly available to private landlords.

"However, the introduction of a five-year rent settlement for social housing providers at CPI + 1 falls short of what is urgently needed. Not-for-profit housing associations require a minimum 10-year settlement to help ensure the long-term stability and confidence necessary to meet the government’s ambitious target of delivering 1.5 million homes during this parliament. We look forward to setting out more detail on this in the forthcoming consultation on a long-term rent settlement."