§ Mr. Raynsford
To ask the Secretary of State for the Environment what is his latest estimate of the total amount of local authority capital receipts set aside which have not as yet been applied to debt redemption.
§ Mr. Baldry
Local authority returns indicate that their stock of unapplied capital receipts set aside as provision for credit liabilities at 31 March 1991 was £5.1 billion. It is estimated that at the same date local authorities' outstanding debt stood at around £47 billion.