§ Mr. Kaufmanasked the Secretary of State for the Environment if he will provide details of the assumptions, including the number of council house sales, behind his assumption for capital receipts for (a) 1982–83 and (b) 1983–84.
§ Mr. Heseltine[pursuant to his reply, 15 November 1982, c. 78]: The assumptions made about English local authorities' housing capital receipts for 1983–84 and those made last year for 1982–83 are as follows: 562W
Local Authorities' Housing Capital Receipts* £ million Local authorities 1982–83 1983–84 1. Receipts from sale of land 90 100 2. Initial receipts from sale of dwellings 651 737 3. Payments of sums outstanding on sales 80 190 4. Repayments of loans to private persons 231 240 5. Repayments of loans to housing associations 12 25 6. (sum of 1 to 5) 1,064 1,292 *Assumptions underlying estimates of capital receipts: number of completed sales 165,000 140,000 average selling price, net of discount £10,400 £11,150 average level of private financing 38 per cent. 47 per cent. The prescribed proportions of receipts, which local authorities may use to increase their allocations, were assumed to be £593 millions in 1982–83 and £684 millions in 1983–84.