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RIFKIND TO SELL DEFENCE HOMES AS GUMMER PROTESTS OVER RECEIPTS

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Defence Secretary Malcolm Rifkind is to sell nearly 70,000 houses occupied by armed forces personnel to offset the ...
Defence Secretary Malcolm Rifkind is to sell nearly 70,000 houses occupied by armed forces personnel to offset the cuts imposed by the Treasury in the defence budget, the Financial Times reports (p1).

The paper says that the scheme is expected to raise about £500 million in the financial year beginning April 1985 and the Treasury will allow the money to go back into current spending on the defence budget.

This is said to have angered Environment Secretary John Gummer who has protested that councils which transfer their stock to private sector housing associations are not given the same freedom to spend their receipts.
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