§ Chris GraylingTo ask the Deputy Prime Minister if he will make a statement on plans to distribute capital receipts from local authority housing sales via a central pool. [65671]
§ Mr. McNultyLast December's local government White Paper—"Strong Local Leadership—Quality Public Services"—set out our intention to introduce arrangements to pool a proportion of future housing capital receipts560W arising in debt-free authorities for use to finance new housing investment where the need is greatest. The change, which will be introduced alongside other changes to the local government capital finance system, will bring the treatment of debt-free authorities in line with the arrangements that apply to other authorities. We will be consulting on the detailed operation of the pooling shortly.