§ Mr. Tony Banksasked the Secretary of State for the Environment if he will publish in the Official Report the exisiting arrangements for maintaining London's rateable resources advantage over the rest of England and for allowing outer London boroughs to share in the higher rateable resources of inner London and for allowing non-central inner London boroughs to share in the higher rateable resources of central London, detailing the amounts of resources involved in 1983–84 and explaining the changes likely to be required if the Greater London council is abolished.
§ Mr. WaldegraveThe rateable resources of London authorities are discounted by 29.6 per cent.—inner London—and 17.2 per cent. outer London—compared with the rest of the country. In addition, under the London rate equalisation scheme the City of London and the City of Westminster contribute respectively £42.8 million and £23.9 million into a pool which is distributed to the other inner London boroughs in proportion to their rateable value.
456WAs to changes in these arrangements following the abolition of the Greater London council, I refer the hon. Member to my reply to the hon. Member for Battersea (Mr. Dubs) on 8 December 1983.—[Vol. 50, c. 209.]