The Executive will liaise with colleagues in HM Treasury and the Officeof the Deputy Prime Minister on the development of any such measures and to ensurethat, where appropriate, they take account of the Scottish context.The Budget report refers to arecommendation in the report of the review of housing supply carried out for HMTreasury by Kate Barker, in which she proposes the introduction of a planning-gainsupplement to capture some of the development gains that landowners benefit from.While the UK Government agrees in principle with this proposal, it wishes to besure of a number of matters before deciding whether to proceed with such a measure.The Budget statement announceda consultation on property investment funds If introduced, property investment fundswould be designed to improve the efficiency of property investment and improve supplyin the rented sector.The Budget statement confirmedthe intention, announced in the 2003 pre-Budget report, to introduce a derelictland tax credit after further consultation to favour the development of brownfieldsites over greenfield sites.Other fiscal announcements inthe budget relating to housing concern the government’s devolved responsibilitiesfor housing in England.