Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, with reference to his Department’s call for views on new local authority capital flexibilities published on 19 December 2023, whether his Department has made an assessment of the potential impact of the listed options in that publication on sales of local authority assets that are not classified under IAS 40.
The Government does not collect data on individual local authority assets, including investment assets. Details of these assets should be held locally by councils.