Labour Would Scrap New Homes Bonus If Elected

Ed Milliband would scrap the New Homes Bonus if Labour gain power in next year’s election. The Labour leader unveiled the plan, which has been branded as ‘ineffective’ by the party, as part of his plan to cut the local government budget by £100m. As part of his plan to cut the deficit, Mr Miliband said he would make ‘sensible cuts’. Setting out the plans for the move, Labour said, in its third interim report from Labour’s Zero-Based Review, that it would ‘end the complex, regressive and ineffective ‘New Homes Bonus’’ and it said it would reallocate the funding ‘more fairly’ within local government. Read more on the Labour Party website.