Budget  

Guide to key Budget announcements

  • Be able to identify the economic announcements from the Budget and how the Chancellor has prepared for Brexit.
  • Describe what pension reforms were delivered by the Chancellor in the Budget around patient capital investment.
  • List the four key residential housing market policies from the Budget.
CPD
Approx.50min
Guide to key Budget announcements

Introduction

By Ellie Duncan

The Chancellor's Budget on October 29 delivered some but not many answers about Brexit, while pensions were left largely untouched as the government awaits the outcome of its Green Paper on social care.

There were four policies to be found in the Budget Red Book related to housing and the residential mortgage market.

Philip Hammond also provided an update on the economic outlook as the UK prepares to leave the EU in March 2019.

Read more about the economic announcements in the Budget, as well as pensions and housing, in this guide which is worth an indicative 50 minutes of CPD.

Contributors to this guide: Ed Smith, head of asset allocation research at Rathbones; Steven Cameron, pensions director at Aegon; and Lawrence Bowles, associate director of Savills Residential Research.

eleanor.duncan@ft.com

In this guide

CPD
Approx.50min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. Mr Smith says by the end of the current parliament, the government will spend an additional £17.9bn, while raising an extra how much in taxes?

  2. What does Mr Smith say the Chancellor is wise to do?

  3. Is this statement from Mr Cameron true or false? "In some ways, it is refreshing to see government recognition that pensions are a good thing."

  4. Patient capital investment offers the potential for what, according to the author?

  5. Regional caps are described as what, by Mr Bowles?

  6. Mr Bowles estimates the funding for local authorities could help build an extra how many council homes a year?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Be able to identify the economic announcements from the Budget and how the Chancellor has prepared for Brexit.
  • Describe what pension reforms were delivered by the Chancellor in the Budget around patient capital investment.
  • List the four key residential housing market policies from the Budget.

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