§ Mr. Charles ClarkeTo ask the Chancellor of the Exchequer, pursuant to his oral statement of 11 June 1998,Official Report, columns 1195–1201, if he will make a statement on the process by which he will achieve the annual sale of £2.75 billion of local authority assets. [50834]
§ Mr. Darling[holding answer 16 July 1998]: It will be the responsibility of individual authorities to determine and deliver their asset disposal plans. But from 1 September 1998 they will also have the added incentive that they will be able to spend more of the proceeds, as the Government will no longer require to set aside a percentage of the proceeds from sales, other than sales of council housing and associated land.