Local Government Finance
Communities and Local Government
John Hemming (Birmingham, Yardley, Liberal Democrat)
To ask the Secretary of State for Communities and Local Government if she will increase the limit for capitalisation of local government spending from that announced at the Capital Programme Working Party on 26 May.
Phil Woolas (Minister of State (Local Government & Community Cohesion), Department for Communities and Local Government; Oldham East and Saddleworth, Labour)
We have no plans to increase the limit for capitalisation of local government spending from that announced at the Capital Programmes Working Party. Local authority capitalisation presents a significant risk to the prudent management of national fiscal rules and needs to be managed closely.