§ Lord Dean of Beswickasked Her Majesty's Government:
How much money has so far been raised by the Greater London Residuary Body and the individual metropolitan county residuary bodies from the sale of public assets and how much of this has been dispersed to the appropriate London boroughs and metropolitan district councils.
The Minister of State, Department of the Environment (The Earl of Caithness)Final figures for 1987–88 in respect of (a) capital money received by residuary bodies from disposals and (b) the amount of capital receipts distributed by residuary bodies to the appropriate local authorities will not be available until the accounts have been audited and certified. However, figures for 1986–87 and estimates for 1987–88 are shown in the tables below:
Capital receipts (£m) 1986–87 1987–88 Total London 104.3 173.7 278 Greater Manchester 3.0 5.0 8 Merseyside Nil 0.8 0.8 South Yorkshire 1.2 5.4 6.6 Tyne and Wear 2.0 2.3 4.3 West Midlands 1.8 14.5 16.3 West Yorkshire 2.9 5.5 8.4
Distribution of capital receipts cash (£m) 1986–87* 1987–88 Total London 31.7 141.4 173.1 Greater Manchester Nil 2.0 2 Merseyside Nil Nil Nil South Yorkshire Nil Nil Nil Tyne and Wear 2.5 1.9 4.4 West Midlands 16.6 14.0 30.6 West Yorkshire 3.4 5.0 8.4 *Includes capital receipts inherited from the GLC and metropolitan county councils.