§ Mr. Alex Carlile
To ask the Secretary of State for Transport what was the budget for London Underground in real terms in(a) 1989, (b) 1975, (c) 1980 and (d) 1985; and if he will make a statement.
§ Mr. Freeman
[holding answer 20 July 1990]: Questions about the annual budgets of their subsidiaries are for London Transport. However, investment by London Underground Ltd. in those years was as follows (in 1989–90 prices):
£ million 1989–90 307 1975 148 1980 136 1984–85 151
Investment has more than doubled since the Government took over responsibility for funding from the GLC in 1984–85. Over the next three years it will double again.