Jeremy Lefroy – 2016 Parliamentary Question to the HM Treasury
The below Parliamentary question was asked by Jeremy Lefroy on 2016-09-02.
To ask Mr Chancellor of the Exchequer, when he plans to lay secondary legislation on changes to the rate of interest on late payment of compensation under the Housing and Planning Act 2016 before Parliament.
Mr David Gauke
Government is committed to making the process of compulsory purchase orders clearer, fairer and faster. The Housing and Planning Act and the Neighbourhood Planning Bill, introduced last week (7th September) will enable us to lay legislation to set interest rates on payments of compensation that are paid late. The Regulations to set this level of interest will be laid at least 21 days before the substantive commencement of sections 192 to 198 of the Housing and Planning Act. This is likely to be in spring 2017.
