§ Mrs. Renée Shortasked the Secretary of State for the Environment what is the total amount obtained from the sale of council houses during each of the last three years; and how much of this councils have been permitted to spend during the same period.
§ Sir George YoungReceipts from sales of council houses by local authorities in England (including mortgage repayments) were £1,300 million in 1982–83, £1,373 million in 1983–84 and £1,253 million in 1984–85. The prescribed proportion of these receipts which authorities could use for capital expenditure each year was 50 per cent. in 1982–83 and 1983–84 and 40 per cent. in 1984–85. Each year authorities are also permitted to use for capital expenditure the prescribed proportion of accumulated receipts from earlier years.