HC Deb 07 March 1990 vol 168 c659W
Mr. Spearing

To ask the Secretary of State for Transport if he will tabulate in theOfficial Report investment in British Rail for each of the financial years 1983 to date showing what sums for capital investment have been derived from Exchequer and BR sources, respectively, together with indications of the parts of such capital liable and not liable to interest charge, respectively, in any one year.

Mr. Portillo

Table 7.33 in chapter 7 of "The Government's Expenditure Plans 1990/91 to 1992/93" (Cm 1007) sets out British Rail's capital requirements and the internal and external resources from which these requirements are met. "External finance" comprises revenue subsidy paid by the Government and borrowing, principally from the national loans fund. We do not apportion particular forms of finance between investment and other expenditure. BR "rail" investment since 1983 is as follows, in £m and at constant 1989–90 prices:

Year Rail investment
1983 348
1984 1369
1985–86 498
1986–87 482
1987–88 604
1988–89 610
1989–90 2670


(1) 1984–85 was a 15-month financial period. The figure shown for 1984 is the 12-month equivalent.

(2) Estimate.