HC Deb 24 May 1989 vol 153 cc595-6W
70. Mr. Robert Hicks

To ask the Secretary of State for the Environment how many representations he has received about the proposed new arrangements for capital receipts and the impact these will have on local authority housing programmes; and if he will make a statement.

Mr. Trippier

Over 450 responses were received to my Department's consultation paper "Capital Expenditure and Finance" and a number of further representations have been received following the introduction of the Local Government and Housing Bill. More than half of these have commented on the proposed arrangements for capital receipts in the new capital finance system. Those arrangements will ensure prudential provision for debt redemption when local authority assets are disposed of. They will also allow the Government to target resources efficiently on need, including the need for local authority housing programmes.