Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Councils can use 'surplus' asset sales to fund housing and services

16 March 2016
 

Updated guidance by Communities Minister Marcus Jones, shows how councils can use a radical shake-up of spending rules to make improvements to local services. In the Autumn Statement, the Chancellor announced changes to the rules for use of ‘capital receipts’. Now for a 3-year period from the 1 April, local authorities will be able to spend any revenues they generate from selling surplus assets – like property or shares and bonds - to fund the costs of improvements to...

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