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BUDGET TO INCLUDE CAPITAL RECEIPTS RELEASE

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Chancellor Gordon Brown's budget, likely to be announced early on June 10 or July 1, will include a bill to release...
Chancellor Gordon Brown's budget, likely to be announced early on June 10 or July 1, will include a bill to release£5bn in capital receipts to local authorities.

Reported in the Daily Telegraph (p1), the funds released from council house sales would go to fund new social housing and employment initiatives for single mothers.

Mr Brown will also review public spending, to allow him to devise a three-year plan from next year which will increase spending in priority areas.
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