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Lord Myners to ask Her Majesty's Government what assessment they have made of the effect of any fall in the value of retail properties on the finances of local authorities which have borrowed money from the Treasury and government agencies to acquire investment properties outside the geographical limits of the relevant authorities; and what assessment they have made of whether losses that might arise as a result will affect government funding to such authorities.  HL5872

Question HL5872: tabled on 17 June 2020 and due for answer by 1 July 2020

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Question text

Lord Myners to ask Her Majesty's Government what assessment they have made of the effect of any fall in the value of retail properties on the finances of local authorities which have borrowed money from the Treasury and government agencies to acquire investment properties outside the geographical limits of the relevant authorities; and what assessment they have made of whether losses that might arise as a result will affect government funding to such authorities.  HL5872
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Lord Myners
Crossbench
Life peer