§ Mr. WallaceTo ask the Secretary of State for Scotland what proportion of capital receipts from the sale of local authority houses in Scotland he will require to be applied towards the reduction of local authority housing debt; and if he will make a statement. [86]
§ Mr. Dewar[holding answer 19 May 1997]: Scottish local authorities are required to set aside 75 per cent. of their receipts from house sales in order to reduce debt levels. We are reviewing that requirement and will announce our conclusion in due course.