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CBI calls for confidence-building project

The CBI has reiterated its call for a confidence-building Budget with measures to boost the housing market at its heart.

Tthe CBI argues that housing can provide a quick-win for the economy, and it is urging the Chancellor to introduce measures to benefit first and second-time buyers, householders refurbishing homes and smaller house builders struggling to access finance.

CBI director-general John Cridland said: “The businesses I speak to all say that confidence is the missing ingredient in the economy. We think a budget with housing at its heart will help deliver confidence to businesses and consumers. On the supply side we’re calling for 50,000 new affordable homes to be built; incentives for refurbishing empty houses; and extending the housing guarantee scheme to all types of housing.”