NewBuy Guarantee Scheme

Grant Shapps Excerpts

Monday 19th March 2012 Written Statements

[The Minister for Housing and Local Government (Grant Shapps)]

I notified the House in November 2011 that the Department for Communities and Local Government would be incurring a contingent liability in relation to the NewBuy Guarantee scheme. Today, I am notifying the House that a financial minute is being laid outlining the details of this contingent liability. This was also set out in both the November 2011 housing strategy and the 2011 autumn statement to Parliament.