§ Lord Skelmersdaleasked Her Majesty's Government:
What is their calculation of the inflationary effect of increasing the amount of capital receipts that local authorities are allowed to spend to:
- (a) 40 per cent.;
- (b) 50 per cent.;
- (c) 75 per cent.;
- (d) 100 per cent.
Earl FerrersThere is no direct link between the proportion of capital receipts which local authorities are allowed to spend, and the rate of inflation.
§ Lord Skelmersdaleasked Her Majesty's Government:
Which local government councils held capital receipts of:
in the last year for which figures are available.
- (a) under £1 million;
- (b) £1–3 million;
- (c) £3–5 million;
- (d) over £5 million
Earl FerrersA list of the local authorities whose usable capital receipts at 1st April 1996 which fell in each of these bands has been placed in the Library of the House.
Figures for the amounts of set aside capital receipts are not available. These form part of the provision for credit liabilities, which is reported to the Department, but which also includes amounts set aside from revenue.