HC Deb 31 January 1986 vol 90 c653W
Mr. Dover

asked the Secretary of State for the Environment whether he has any changes to announce to his Department's cash limits.

Mr. Kenneth Baker

Yes. The level of receipts from disposals of the new town property has been running at a higher level than expected. Accordingly, the non-voted cash net limit (DOE/NT1) for this year has been reduced by £15.88 million from minus £99.6 million to minus £115.53 million. The net cash limit is negative because, with the new towns programme nearing completion, disposal receipts now exceed the amount of gross new investment.

£1.63 million of the additional receipts arises from a further disposal of properties from the Central Lancashire Development Corporation to various housing associations.

To permit the acquisition, the non-voted net cash limit DOE/HC1 has been increased accordingly, from £698.4 million to £700.03 million.

The overall effect of the changes is a reduction of £14.25 million in the Department's public expenditure provision.

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