§ Mr. Barry JonesTo ask the Secretary of State for the Environment what is his estimate of the amount of council house sales receipts held by local authorities.
§ Mr. BaldryLocal authorities held £1 billion of usable capital receipts at 1 April 1993. Authorities are not 29W required to account separately for the spending of usable capital receipts derived from council house sales. No separate figures for the amount of usable housing receipts held are therefore available.
As regards the reserved part of capital receipts, I refer the hon. Member to the answer I gave to the hon. Member for Burnley (Mr. Pike) on 1 December 1993, Official Report, column 554.