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29Oct92 UK: CURBS ON COUNCILS' SPENDING STAY PUT.

Increasing in the rate at which councils can spend their housing capital receipts would be one of the easiest ways to stimulate building work, but few expect the Government to alter its refusal to budge on the issue, despite recent hints.Environment secretary Michael Howard opposed any change when he said in a television interview on Sunday that increasing the amount spent by councils would affect interest rates, because the public sector borrowing requirement would rise.Councils estimate ...

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