L&Q respond to Spring Statement

Responding to the Chancellor of the Exchequer's Spring Statement earlier today, David Montague, Chief Executive of L&Q said:

“It is welcome that the government continue to recognise the importance of delivering affordable homes in tackling the housing and affordability crisis.

“At face value, the guarantee scheme announced in the Chancellor’s Spring Statement today is a positive step and will help with the delivery of affordable homes. However, we also need to see the detail and this cannot be a one-off investment - delivering homes on the scale needed requires continued investment especially through the uncertainty of Brexit.

“L&Q remain committed to working with government and other partners to continue building and to deliver the much-needed high quality, affordable homes the country needs. This includes our plan to deliver 100,000 new homes over 10 years while continuing to invest in our existing communities and homes.”