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LOCAL AUTHORITY CAPITAL ASSET SALES (HANSARD: ENVIRONMENT)

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Local government minister, Tony Baldry, reported that a total of around£1.3bn of usable receipts were obtained by ...
Local government minister, Tony Baldry, reported that a total of around £1.3bn of usable receipts were obtained by local authorities during 13 November 1992 - 31 July 1993.

He commented: 'This information also suggests that local authorities expect to obtain around £2.3bn of usable receipts in total during the whole period of the relaxation, of which some £1.3bn is estimated to arise as a result of the relaxation.

'On the basis of the last returns, local authorities plan to finance £1.8bn of their capital expenditure in 1993-94 from usable capital receipts received in that year or brought forward from earlier years.'
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