§ Mr. Barry JonesTo ask the Secretary of State for Wales what discussions he has had with the First Secretary concerning the increased release of receipts from council house sales; and if he will make a statement. [125560]
571W
§ Mr. Paul Murphy[holding answer 12 June 2000]I meet the First Secretary regularly and discuss a number of issues, including this one.
Both the First Secretary and I are aware that, currently, the only significant requirement for local authorities to set aside receipts for debt redemption relates to capital receipts from the sale of council houses. The Assembly has therefore asked that the issue of whether this position can be improved upon be considered as part of the general review of capital finance regulations being undertaken in conjunction with the Welsh Local Government Association.