§ Lord Mountevansasked Her Majesty's Government:
Whether they will be increasing Government grant to London Transport in 1991–92.
§ Lord Brabazon of TaraYes. My right honourable friend the Secretary of State has announced that he will be increasing London Transport's grant by £53 million and its external financing limit by £39.8 million. This will be charged to the reserve and will not therefore add to the level of planned public expenditure. The increase is additional to the £55 million extra grant for 1990–91 announced in February this year. The Secretary of State has approved it because of the current down-turn in LT's property receipts and revenue. It will enable LT to repay borrowing that it undertook in 1990–91 and to proceed with important investment in the Underground and Docklands Light Railway.