§ Mr. Viggersasked the Secretary of State for the Environment if he will estimate, on the basis of the most recent information, the proportion of the capital receipts available for local authorities to spend directly on housing investment in the present financial year 1981–82, which is likely to be attributable to receipts from the sale of land.
§ Mr. StanleySales of housing land accounted for 14 per cent. of the total sum by which authorities will be able to increase their HIP allocations for 1981–82 on account of housing capital receipts which accrued during the first half of the year. The proportion will not, however, necessarily remain the same for the second half year.
85WIn addition, there are receipts from sales of non-housing land which authorities could, if they wanted, use to augment their HIP allocations.