Confederation of British Industry Director General calls on government to re-energise the property market

John Cridland, speaking at the CBI (Confederation of British Industry) North East annual dinner as Director General, called upon the chancellor to introduce measures to assist first-time buyers and those wanting to progress up the property ladder. These included an expansion upon the shared ownership programme and a scheme by which first time buyers could get finance by accessing savings in their personal pension pots via a loan back system, involving borrowing money from their pensions and paying it back through their salary.

“I want to see the chancellor use his autumn statement on 29 November to jump start the housing market,” he stated.

Read more about his speech here.