Clause 11 - Use of capital receipts
Local Government Bill
8:55 am
Mr Desmond Swayne (New Forest West, Conservative)
The Minister was determined to make the case that his proposals were designed to generate more revenue for expenditure on housing. I do not doubt for a moment his sincerity in seeking to achieve that objective. My concern is that the proposals will have the opposite effect.
The Select Committee's report refers to the evidence produced by CIPFA. It quotes Mr. Bisland of CIPFA as saying:
''I think it is more likely that Members are going to be reluctant to sell assets if they think they are going to be pooled''.