UK Finance response to the Autumn Statement
Responding to the chancellor’s Autumn Statement, David Postings, chief executive of UK Finance, said:
“The chancellor’s Autumn Statement today demonstrates a continued commitment to growth, which is essential for businesses and people across the country. We welcome this focus, the change to making full-expensing of investment permanent and the wide-ranging announcements on housing which will help people with the cost of their homes.
“It is vital that people have the housing they need and we’re pleased to see the commitment to increase Local Housing Allowance, something UK Finance has long called for. Greater housebuilding and an extension of the mortgage guarantee scheme will also help more homebuyers get on or move up the housing ladder.
“We welcome plans to introduce more flexibility and simplification of ISA rules and look forward to working with government on implementing changes to help more people save for the future.
“The new remit for the Financial Reporting Council to promote the growth and competitiveness of the UK economy is an important development and is in line with objectives recently given to financial services regulators.”