§ Mr. Hordernasked the Chancellor of the Exchequer what is the amount of money required for the rate support grant recently announced; and whether this sum is included in the borrowing requirement in his recent Budget Statement.
§ Mr. Joel BarnettThe recently announced rate support grant settlement provided for a further £1,100 million to be paid to local authorities in England and Wales for this financial year. The grant for 1975–76 amounts to about £5,400 million at November 1974 prices.
460WProvision for the 1974–75 increase order was made in the Budget Statement and in the supplementary Financial Statement and Budget Report. The Budget did not cover 1975–76.