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Local Government: Assets

Volume 498: debated on Wednesday 28 October 2009

To ask the Chancellor of the Exchequer what assessment he has made of the effect of the Government’s proposed sale of assets on local government; and what assumptions about the sale of assets held by local authorities will be made to inform the next local government finance settlement. (294888)

The £11 billion of UK local authority asset sales assumed over the period 2011-12 to 2013-14 are based on historic performance by the sector and forecast recovery in prices and transactions following the downturn local authorities remain free to determine which assets they sell and when local government revenue finance settlements beyond 2010-11 will be determined in the normal way at the next spending review.