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NewBuy Guarantee Scheme

Volume 542: debated on Monday 19 March 2012

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.