HC Deb 21 July 1997 vol 298 cc430-1W
Mr. Woodward

To ask the Secretary of State for the Environment, Transport and the Regions what plans he has to meet representatives of the Local Government Association to discuss the effect of the abolition of the advance corporation tax credit on local authorities. [9400]

Mr. Raynsford

The Secretary of State, with ministerial colleagues, last met the Local Government Association on Wednesday 16 July. The subjects discussed included the likely impact of the abolition of the advance corporation tax on local authority pension funds.

Mr. Clifton-Brown

To ask the Secretary of State for the Environment, Transport and the Regions if he will list for each local authority the effect on their pension fund contributions of the withdrawal of ACT credits in the Budget. [9908]

Mr. Raynsford

The next valuation of local authority pension funds in England and Wales is due in March 1998. Only after that exercise has been completed will a true picture emerge of the effect of the Budget proposal on ACT credits and what effect this will have on future employer contributions to the separate funds.