Wednesday 20 December 2017

Javid Announces New Homes Bonus Backtrack

Unveiling the provisional local government finance settlement, Javid has said there will be no changes made to the existing New Homes Bonus model. Changes were due, as announced year earlier this year, would see a reduction in the amount of New Homes Bonus payments that would be made. But after hearing “concerns about proposed changes”, Javid said he had been “persuaded of the importance of continuity and certainty in this area”. He added: “..no new changes will be made to the way New Homes Bonus works and that the baseline will be maintained at 0.4%.” Read more on 24housing.

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