Buy-to-let blow as Osborne delivers 3% stamp duty

“We’re releasing public land suitable for 160,000 homes and re-designating unused commercial land for Starter Homes,” stated Mr Osborne.

Previously announced plans around extending the Right to Buy scheme to housing association tenants were also mentioned, with roll-out during 2016, giving 1.3m households the chance to become home owners.

Pilots will be rolled out through five housing associations from midnight tonight.