§ Mr. Tony Banks
asked the Secretary of State for the Environment if rate support grant to individual boroughs will be increased if the Greater London council were to be 67W abolished, to reflect, pound for pound, current Greater London council obligatory revenue contributing towards deficits on the transferred housing stock.
§ Mr. Waldegrave
We have announced our intention that the broad financial effect of the payments the GLC is obliged to make should be preserved after abolition, preferably through the rate support grant system. Local governmentwill be consulted about the detailed arrangements.