Councils Slam Pooling Of New Homes Bonus

Plans to pool new homes bonus money in London have been slammed by the English capital’s councils. George Osborne’s autumn statement announced that £70 million of new homes bonus money will be pooled through the London Local Enterprise Partnership from 2015. The money will not be pooled through LEPs in other parts of the country but will go to councils. London Councils, the umbrella body representing local authorities in the capital, described the move as a £70 million cut for London boroughs. Read more on Inside Housing.