Housing Stock Transfers

Transport, Local Government and the Regions written question – answered on 26th February 2002.

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Photo of Austin Mitchell Austin Mitchell Labour, Great Grimsby

To ask the Secretary of State for Transport, Local Government and the Regions how much was spent in 2001 and what budget is allocated for (a) 2002 and (b) 2003 for early debt redemption costs of housing stock transfers in England and Wales.

Photo of Sally Keeble Sally Keeble Parliamentary Under-Secretary, Department for Transport, Local Government and the Regions

The Department currently has no budget for this purpose because local authorities in England are required to meet the early debt redemption premiums that may be incurred when authorities repay housing debt at the time of a housing stock transfer. Responsibility for housing in Wales is a devolved issue and is now a matter for the National Assembly for Wales.

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