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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