FINANCE

London councils hits back over Homes Bonus top slice

The Government decision to top slice £70m New Homes Bonus (NHB) cash in the capital has been described as an 'outrage' by London Councils.

The Government decision to top slice £70m New Homes Bonus (NHB) cash in the capital has been described as an 'outrage' by London Councils. 

Last week's autumn statement saw the Chancellor backtrack on his plans to take NHB money from councils to give it to Local Enterprise Partnerships - handing £330m back to local government. 

SUBSCRIBE TO CONTINUE READING

Get unlimited access to The MJ with a subscription, plus a weekly copy of The MJ magazine sent directly to you door and inbox.

Subscribe

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

Login

Already a subscriber?