Welsh Affairs

Part of the debate – in the House of Commons at 7:43 pm on 27 February 1992.

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Photo of Mr Nicholas Bennett Mr Nicholas Bennett , Pembroke 7:43, 27 February 1992

The sum of £741 million represents total receipts over the past 10 years. Most of that money has been spent by local authorities in credit approvals for local government expenditure on all sorts of capital projects. I have made it clear at Question Time in response to the hon. Gentleman that local authorities can use 25 per cent. for housing and the other 75 per cent. for capital redemption against credit approvals. If he does not understand that, he should not be in the House.