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Budget to be held on 11 March 2020 16/01/2020 Labelled as Finance

The Chancellor of the Exchequer, Sajid Javid has launched the beginning of the Budget process and announced that the post-Brexit Budget will take place on Wednesday 11 March 2020.


In making the announcement the Chancellor said the Budget "will set out ambitious plans to unleash Britain's potential, level up across the UK and usher in a decade of renewal", starting "a new chapter for the economy, seizing the opportunities that come from getting Brexit done".


The Government's press release which accompanied the announcement of the date of the Budget says that "the Budget will prioritise the environment and build on recent announcements to boost spending on public services and tackle the cost of living. These include investing in new hospitals, training thousands of new police officers, funding vocational education and the biggest ever cash increase to the National Living Wage." There is no specific mention of social housing.


In the Background Briefing Papers to the Queen's Speech, the Government promised to renew the Affordable Homes Programme, building "hundreds of thousands of new homes" for a range of people in different places, but the Briefing Paper gave no indication of what proportion of the Affordable Homes Programme would be dedicated to building social rented housing.


The launch of the Budget process means that individuals, interest groups and representative bodies can now submit a Budget representation to HM Treasury to comment on Government's policy and/or suggest new policy for inclusion in the Budget.


ARCH has already submitted a joint report with the Chartered Institute of Housing (CIH) and the National Federation of ALMOs (NFA) on the impact of the lifting of the Housing Revenue Account Borrowing Cap and some of the barriers that still exist to further investment in council housing new build programmes. ARCH Chief Executive John Bibby will be meeting officials from HM Treasury on 28 January to discuss that report and the ARCH Board will be meeting on 20 January to consider submission of a Budget representation to HM Treasury.

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