§ Mr. TimmsTo ask the Secretary of State for the Environment what is the gross value of reserved capital receipts held by local authorities; how much of the total relates to housing benefit receipts; and to what extent receipts are supported by cash. [13397]
§ Sir Paul BeresfordFigures for the value of reserved capital receipts held by local authorities, and the amount relating to housing receipts, are not available. These form part of the provision for credit liabilities, which is reported the Department, but which also includes amounts set aside from revenue.
The provision for credit liabilities may be held as cash or investments, or may be used temporarily to finance expenditure as a substituted for new borrowing. Information on the extent to which the provision for credit liabilities is supported by cash is not available.