PRIVATE INVESTMENT AND LOCAL HOUSING CORPORATIONS

Early day motion 1440, tabled 16 June 1998 by Adrian Sanders (Liberal Democrat). Signed by 27 members.

That this House notes with disappointment that the Treasury Chief Secretary has ruled out a switch to accounting rules that would allow private investment in local housing corporations without adding to the PSBR; draws to the attention of the Government the Chartered Institute of Housing report prepared by Coopers and Lybrand that questions whether a government guarantee for borrowing would really be necessary for a new landlord body owned by a local authority; and therefore calls on Her Majesty's Government to consider exempting a number of pilot local housing corporations from PSBR limits without Government borrowing guarantees to test whether these new bodies could open up a new era of investment in decent, affordable housing.

Signatures by party: Liberal Democrat 23, Labour 3, Conservative 1.