Is New Buy the golden bullet? - by Mark Oliver

With the announcement in March of the New Buy initiative, the Government clearly signalled some active support for the housebuilding sector. Personally, I think New Buy is an excellent initiative (and one I have been advocating for the last three years) as it targets resources precisely where they are needed – at the new housing market. Let us not forget that the home building supply chain is a significant contributor to the UK economy – we estimate that each additional house start per annum generates 2.4 jobs.

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