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Proceeding contribution from Simon Hughes (Liberal Democrat) in the House of Commons on Wednesday, 7 April 2010. It occurred during Adjournment debate on Housing (Southwark).


Housing (Southwark)

The tradition that local authority spend counts against the public sector borrowing requirement is an accounting requirement. Many countries do not count local authority spend or borrowing in that way and the Government could change the requirement if they wanted to. I know that the Treasury has resisted that, but if it were changed, it would not be the issue that it has been.


Secondary information

Type
Proceeding contribution
Reference
508 c364WH 
Session
2009-10
Chamber / Committee
Westminster Hall
Subjects
Capital investment Council housing Housing Local government finance Management Standards Southwark Southwark Council
Link
View this Proceeding contribution on www.publications.parliament.uk