House Building

Part of Oral Answers to Questions — Communities and Local Government – in the House of Commons at 2:30 pm on 3 June 2013.

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Photo of Nick Raynsford Nick Raynsford Labour, Greenwich and Woolwich 2:30, 3 June 2013

May I draw attention to my interests, and thank the hon. Gentleman for his kind remarks?

The National Audit Office, in a recent report, described the new homes bonus as not only badly modelled, but largely ineffective, yet it is hugely expensive, having already led the Government to commit more than £1 billion, with that commitment rising to over £3 billion in the short term. When will the Government reconsider this measure, which appears to have little or no effect and comes at vast cost?