London Residuary Body

HC Deb 23 February 1987 vol 111 cc91-4W

Mr. Greenway

asked the Secretary of State for the Environment if he will break down the money to be returned to London boroughs by the London residuary body detailing the sum to be paid to each borough; and if he will make a statement.

Mr. Chope

Firm figures will not be available until the GLC's final accounts have been audited and certified. However, the tables show the latest estimates which we have from the London residuary body of revenue balances, capital receipts and associated spending power which willl be distributed to London boroughs, the common council and the Temples.

Of the estimated £129 million revenue balances available for distribution, £89 million is being paid out in this financial year in monthly instalments. The remaining £40 million is to be distributed in 1987–88. LRB estimate that a further £40 million may be available in 1988–89. It is, however, too early to say whether this amount will be distributed, as it may be required to finance other expenditure.

Table A Distribution of Estimated GLC Revenue Balances
	Distributed in 1986–87	To be distributed in 1987–88
Inner London
City of London	68,871	28,938
Inner Temple	1,449	615
Middle Temple	1,317	591
Camden	2,335,644	1,066,273
Greenwich	2,845,455	1,277,872
Hackney	2,475,282	1,108,238
Hammersmith & Fulham	1,985,232	891,910
Islington	2,176,246	992,390
Kensington and Chelsea	1,791,983	813,299
Lambeth	3,216,945	1,439,232
Lewisham	3,057,546	1,373,624
Southwark	2,840,185	1,276,099
Tower Hamlets	1,904,874	869,449
Wandsworth	3,402,689	1,529,664
Westminster	2,397,559	1,058,589
Total Inner London	30,500,877	13,726,783
Outer London
Barking & Dagenham	1,968,106	878,315
Barnet	3,928,308	1,780,273
Bexley	2,877,071	1,291,467
Brent	3,357,900	1,506,612
Bromley	3,930,943	1,760,768
Croydon	4,200,998	1,885,482
Ealing	3,803,161	1,728,260
Enfield	3,468,557	1,566,310
Haringey	2,635,998	1,165,571
Harrow	2,693,123	1,192,168
Havering	3,157,664	1,409,679
Hillingdon	3,058,864	1,373,033
Hounslow	2,605,699	1,156,114
Kingston upon Thames	1,766,553	791,430
Merton	2,160,438	972,294
Newham	2,758,510	1,232,952
Redbridge	2,963,775	1,347,617
Richmond upon Thames	2,115,648	954,562
Sutton	2,234,209	1,002,438
Waltham Forest	2,833,598	1,277,872
Total Outer London	58,499,123	26,273,217
Total All Boroughs	89,000,000	40,000,000

Distribution of capital receipts is subject to the Local Government Reorganisation (Capital Money) (Greater London) Order 1987 (SI 1987/118) which will come into effect on 27 February 1987. This provides for the transfer of the cash and spending power. Table B shows the estimated spending power entitlement for the city and boroughs.

Table B—Distribution of Estimated Spending Power
	Inherited from GLC transferred in 1986–87 £000s	LRB receipts arising and transferred in 1986–87 £000s	LRB receipts arising and to be transferred in 1987–88 £000s
Inner London
City of London	285	80	132
Camden	9,680	5,295	7,560
Greenwich	11,793	3,618	5,986
Hackney	10,258	5,760	8,097
Hammersmith and Fulham	8,228	3,123	4,918
Islington	9,019	5,285	7,284
Kensington and Chelsea	7,425	2,609	4,295
Lambeth	13,332	6,600	9,914
Lewisham	12,672	4,548	7,318
Southwark	11,771	5,881	8,824
Tower Hamlets	7,894	3,186	4,972
Wandsworth	14,102	3,832	6,669
Westminster	9,936	2,945	4,931
Total Inner London	126,395	52,762	80,900
Outer London
Barking and Dagenham	8,157	1,150	2,781
Barnet	16,280	2,072	4,925
Bexley	11,924	1,504	3,516
Brent	13,916	4,566	7,140
Bromley	16,291	2,042	4,843
Croydon	17,410	2,392	5,305
Ealing	15,762	3,093	5,966
Enfield	14,375	1,946	4,421
Haringey	10,925	5,008	6,985
Harrow	10,996	1,545	3,375
Havering	13,086	1,615	3,905
Hillingdon	12,677	1,958	4,112
Hounslow	10,799	2,186	3,970
Kingston upon Thames	7,321	823	2,042
Merton	8,954	1,309	2,968
Newham	11,432	4,288	6,299
Redbridge	12,366	1,652	3,737
Richmond upon Thames	8,768	1,271	2,727
Sutton	9,259	1,079	2,676
Waltham Forest	11,743	2,139	4,283
Total Outer London	242,441	43,638	85,976
Total all Boroughs	368,836	96,400	166,876

Table C shows the estimated cash to be distributed to those authorities. No surplus cash receipts exist from 1985–86 and earlier years.

Table C Distribution of Estimated Capital Receipts Cash
Inner London	1986–87 £000s	1987–88 £000s
City of London	27	87
Camden	2,002	4,821
Greenwich	1,241	3,904
Hackney	2,184	5,157
Hammersmith & Fulham	1,119	3,176
Islington	2,014	4,638
Kensington & Chelsea	921	2,781

Inner London	1986–87 £000s	1987–88 £000s
Lambeth	2,464	6,328
Lewisham	1,612	4,735
Southwark	2,197	5,634
Tower Hamlets	1,154	3,205
Wandsworth	1,274	4,371
Westminster	1,001	3,217
Total Inner London	19,210	52,054
Outer London
Barking & Dagenham	286	1,871
Barnet	476	3,359
Bexley	343	2,402
Brent	1,589	4,653
Bromley	462	3,305
Croydon	582	3,612
Ealing	920	3,983
Enfield	470	3,008
Haringey	1,850	4,491
Harrow	383	2,296
Havering	361	2,663
Hillingdon	516	2,781
Hounslow	659	2,652
Kingston upon Thames	167	1,403
Merton	334	2,004
Newham	1,532	4,086
Redbridge	395	2,548
Richmond upon Thames	322	1,854
Sutton	228	1,833
Waltham Forest	615	2,866
Total Outer London	12,490	57,670
Total all Boroughs	31,700	109,724

On the basis of these figures, by the end of 1987–88 London boroughs will have received the benefit of some £240 million cash and £632 million additional spending power as a direct result of abolition of the GLC.