Hosts Jack Izzard and Peter Stimson dissected the numbers, raising concerns about slowing growth, stubborn inflation, and the implications for interest rates and mortgage pricing.
Emma Hollingworth of LSL Group financial services discusses the potential impacts of the Spring Statement on the wider mortgage market.
Yesterday's Spring Statement has left many industry leaders disappointed and urging for a more forward-thinking approach.
The Statement failed to directly address mortgage market, as potential buyers and homeowners continue to face mounting difficulties due to high borrowing costs.
Stride warned that Reeves was "the architect of her own misfortune," and the reason that business confidence had "crashed through the floor."
Nigel Green says business is being "punished" by rising taxes, wage costs and regulations as government policy risks deepening the UK slowdown.
Chancellor Rachel Reeves reaffirmed the Government's commitment to an "ambitious set of planning reforms" with the goal being to "get Britain building again."
The OBR expects inflation to fall to 2% by 2027, with growth projected at 1% this year.
Chancellor Rachel Reeves says her plans still meet the Government’s fiscal rule, despite sharper near-term deficits than forecast in October.
Jeremy Leaf said: “While the economic climate remains unsettled both at home and abroad, investors and developers are reluctant to act."
Jonathan Handford said: “We need a planning process that is streamlined, transparent, and supportive of responsible development."
As the housing market braces for the 2025 Spring Statement, industry leaders are united in their plea for decisive Government action.