§ Mr. WilsonTo ask the Secretary of State for Transport if he will list the annual investment in the existing railway including track renewals, for each year since 1963, and the equivalent figure proposed by his Department for 1993–94.
§ Mr. FreemanFigures for expenditure on track renewals are not readily available prior to 1979. Figures for investment in the existing railway including track renewals and rolling stock after 1979 are in the following table. BR's initial estimate for investment in the existing railway in 1993–94 is around £550 million. The latest forecast of the outturn for 1992–93 is £1,058 million. A further £150 million has been provided for future rolling stock leases.
688W
£ million cash 1979 367 1980 431 1981 409 1982 378 1983 439 1984–85 557 1985–86 550 1986–87 530 1987–88 631 1988–89 695 1989–90 864 1990–91 836 1991–92 1,032
199–94 £ million 1994–95 £ million Indexation of inheritance tax threshold 10 25 Indexation of capital gains exempt amount 0 5 1 Cost includes the consequential effects on capital gains tax. 2 Additional cost after previous change has been introduced. Notes:
1. Figures exclude changes in advance payments on rolling stock orders.
2. Figures for 1979 and 1980 exclude ships, harbours, hovercraft and hotels.