Mortgage industry spokespeople were underwhelmed by yesterday's Spring Statement.

Reeves says the government is “within touching distance” of its target of building 1.5m new homes.

However, the OBR has upgraded its forecasts for the following years.

The government is aiming to build 1.5 million new homes this parliament.

A range of industry experts from across the mortgage and housing sectors call for change ahead of the Spring Statement.

GDP had been expected to rise 0.1% month-on-month.