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Barnet misses out on £58m in funding with financial impact of housing scheme challenged

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Barnet Council has lost out on £58m in housing funding after a ‘call-in’ request by opposition Conservative councillors raised concerns about the business case of a planned housing scheme and caused delays.

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Grant funding had been awarded to Barnet by the Greater London Authority (GLA) and would have enabled the council to buy 208 affordable homes

Business rates will be fully locally retained by the end of the decade in place of government grants, the chancellor has pledged, as the roadmap for fiscal devolution was set out.

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