Robert Neill – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Robert Neill on 2016-09-06.

To ask Mr Chancellor of the Exchequer, what discussions he has had with the Secretary of State for Communities and Local Government on SI 1995 No. 2262 since 1 June 2016.

Mr David Gauke

The Treasury has been working closely with the Department for Communities and Local Government to prepare a new Statutory Instrument to amend the Acquisition of Land (Rate of Interest after Entry) Regulations 1995. The new Statutory Instrument introduces a 0% floor for the interest rate on compensation paid after entry. The Statutory Instrument was laid on 7 September and will come into effect before the next reference day on 30 September 2016.