HC Deb 19 November 1992 vol 214 c303W
Mrs. Dunwoody

To ask the Secretary of State for the Environment what proportion of the receipts of local councils from council house sales they have been allowed to spend.

Mr. Robin Squire

Local authorities have been allowed to spend 25 per cent. of their receipts from council house sales and 50 per cent. of most other receipts. Under regulations which came into force on 13 November 1992, local authorities may spend in full the capital receipts obtained between that date and 31 December 1993 from nearly all sales of council houses and other assets.

Ms. Lynne

To ask the Secretary of State for the Environment if he will allow local authorities to spend more of their council house receipts.

Mr. Baldry

[holding answer 12 November 1992]: Under regulations which came into force on 13 November 1992, local authorities may spend in full the capital receipts obtained between that date and 31 December 1993 from nearly all sales of council houses and other assets.