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Race to sell homes falls £500m short

Language: English Series: Daily Telegraph ; 3 January 1994, 18 | Building ; 259(7827) 7 January 1993, 8(1)Publication details: 1993Subject(s): Summary: The concession ending on 31 December which allowed local authorities to spend all revenue raised from the sale of municipal assets has failed by £500m to reach the level targeted by Treasury. Criticism expressed for not extending the concession into 1994.

The concession ending on 31 December which allowed local authorities to spend all revenue raised from the sale of municipal assets has failed by £500m to reach the level targeted by Treasury. Criticism expressed for not extending the concession into 1994.