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Written Question
Housing Revenue Accounts: Fiscal Policy
Tuesday 29th October 2024

Asked by: Danny Beales (Labour - Uxbridge and South Ruislip)

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of excluding the council Housing Revenue Account from debt-targeted fiscal rules.

Answered by Darren Jones - Chief Secretary to the Treasury

Councils’ Housing Revenue Accounts are a significant part of local authority and public sector finances, and it would not be right to exclude this activity from our fiscal rules.