Power to Give Financial Assistance

Part of Clause 50 – in the House of Commons at 5:45 pm on 14 June 1988.

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Photo of Ian McCartney Ian McCartney , Makerfield 5:45, 14 June 1988

I follow up the hon. Lady's commitment about HATs not being asset-strippers and about their accountability. Does that mean that, when HATs sell housing stock, whether or not they are rehabilitated at the time of transfer, the Government will not allow that stock to be transferred to absentee landlord companies? That is similar to what is happening with British Coal property. What steps will the hon. Lady take to ensure that, when it is transferred, stock will not be resold on the open market, as so many Coal Board houses have been? Even within a day of the sale of an asset in London, tenants are left not knowing who their real landlords are.