HC Deb 27 March 1986 vol 94 cc621-2W
Mr. Tony Banks

asked the Secretary of State for the Environment how, in the treatment of capital receipts from Greater London council mortgages, he proposes to ensure that there is no loss of housing investment resources to local authorities in London as a result of the abolition of the Greater London council.

Sir George Young

As I said in my reply of 11 February at column396 to my hon. Friend the Member for Harlow (Mr. Hayes) we shall ensure that the spending power associated with the repayment of mortgage principal will be passed on to the boroughs.