§ Mr. John Grantasked the Secretary of State for the Environment by how much the housing investment programme for the London borough of Islington has been cut for the next year compared with the current year in both cash terms and real terms; and what are the reasons for the reduction.
§ Sir George YoungFigures for capital investment programmes are now given in cash terms which is consistent with the basis of public expenditure planning. Islington's initial HIP allocation for 1982–83 was £36.982 million, while that for 1983–84 is £35.103 million, a reduction of £1.879 million or 5.1 per cent. All available relevant information about the borough's housing needs and the council's expenditure proposals was taken into account, along with similar information for all other authorities, in determining Islington's share of the total housing capital resources available for distribution among authorities.
Additionally, Islington is of course free to supplement their HIP allocations by using the prescribed proportion of their capital receipts, and have been told that the allocation for 1982–83 will be increased by up to a further £12 million if justified by expenditure.