HC Deb 14 December 1992 vol 216 cc49-50W
Mr. Spearing

To ask the Secretary of State for the Environment if he will state the cumulative total of the capital expenditure of the London borough of Newham, for which repayment and interest is still required, for which Her Majesty's Government have given permission and the provisional sum he has allocated to the borough in respect of standard spending assessment for 1993–94 for expenditure under this heading.

Mr. Robin Squire

The debt charges element of Newham's provisional 1993–94 SSA is £20.374 million. This is the revenue which the Government consider appropriate for Newham to spend in 1993–94 on interest and debt repayment on borrowing required to provide a standard level of service. It is based on a notional outstanding debt figure at 1 April 1993 of £129.859 million.

It is not possible to calculate the cumulative total of capital expenditure for which permission was given by the Government. Past and present decisions on the financing of capital expenditure are a matter for the London borough of Newham subject to the availability of credit approvals.