HC Deb 10 June 1991 vol 192 c393W
Mr. Fearn

To ask the Secretary of State for the Environment if he will introduce legislation to amend part VI of the Local Government and Housing Act to release capital receipts from the sale of council houses to be invested in the provision of new housing.

Mr. Yeo

Local authorities are required to set aside part of their capital receipts that have accrued from the sale of assets to meet outstanding loan debt and other liabilities. The remainder they may spend in new capital investment. The balance between debt redemption and new investment is kept under review.