Cherwell District Council is to set aside almost half the
bonus cash it gets for building new homes to make up for future government
budget cuts . At a meeting last week the council’s executive agreed how it would
spend the £1,340,156 it has been allocated under the Government’s New Homes
Bonus for this financial year. Councillors decided to reserve 50 per cent of
the funds – equating to £619, 958 – to make up for current and future cuts in
government grants. Read more on the Banbury Guardian website.
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