Question to the Ministry of Housing, Communities and Local Government:

To ask Her Majesty's Government, further to the Written Answer by Baroness Vere of Norbiton on 16 June (HL706), what plans they have to review whether strategic assets of wide economic value are best owned by local authorities.

Under the current system of local government finance, local authorities are free to determine their own capital strategies to deliver local services, on the principle that they are best placed to make the decisions needed to support their local communities and to ensure local accountability.