To ask the Chancellor of the Exchequer what estimate he has made of the likely impact on the PSBR of the release by local authorities of (a) all and (b) half of housing capital receipts over (i) one year, (ii) three years or (iii) five years from 1 April. [3563]

No such estimates have been made. The release of capital receipts will be phased to meet the requirements of prudent management of the public finances, including having regard to the effect on the PSBR.

To ask the Chancellor of the Exchequer what effect the phased release of local authorities' capital receipts will have on the public sector borrowing requirement. [3329]

The release of capital receipts will he phased to meet the requirements of prudent management of the public finances, including having regard to the effect on the PSBR.

To ask the Chancellor of the Exchequer if he will estimate the increase in council tax necessary to reinstate local authorities to the position they would have been in without the release of housing capital receipts if housing capital receipts are released over (a) one year, (b) three years and (c) five years from 1 April 1997. [3553]

No such estimate has been made.