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'Pressure' in Wales after stamp duty decision
First time buyers could look to buy before April if stamp duty's replacement in Wales remains unclear.
Woman with finances

Kevin Peachey

Personal finance reporter

The Budget speech has been delivered and the numbers are being analysed, so what does it mean for you?

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The housing challenge

Houses built 2005 to 2017

Couple of points we didn't quite have time for during the chancellor's speech.

Solving the housing challenge takes more than money, the chancellor says, looking to planning reform.

This will focus on the urban areas - where, he says, people want to live and where most jobs are created.

Mr Hammond wants to use urban land, but protect the Green Belt: "In particular, building high quality, high density homes in city centres and around transport hubs".

He wants to ensure councils in high-demand areas permit more homes for local first-time buyers and affordable renters.

The chancellor also announces a review of the gap between planning permissions being granted and housing building starting. It will report for next Spring's economic statement.

BreakingStamp duty scrapped for first-time buyers

In what is probably the eyecatching announcement of the Budget, tirst-time homebuyers will no longer have to pay stamp duty for properties of up to £300,000.

The chancellor announces he is abolishing the charge from today.

It will also be available on the first £300,000 of the purchase price of properties up to £500,000.