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Housing

Transport, Local Government and the Regions written question – answered on 13th May 2002.

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Photo of Jeremy Corbyn Jeremy Corbyn Labour, Islington North

To ask the Secretary of State for Transport, Local Government and the Regions when he expects to relax the limitations on local authorities' borrowing against their assets for housing improvements or construction.

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

A change is to be made allow authorities to borrow without Government consent where they can afford to service the debt from available revenue resources. This change requires primary legislation and will be made as soon as the parliamentary timetable permits.

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