§ Mr. DykesTo ask the Secretary of State for Transport when he will announce his proposals for the levy on London's ratepayers in support of his grant to London Regional Transport for 1988–89; and if he will make a statement.
§ Mr. ChannonI have today laid before Parliament a draft levy order under section 13 of the London Regional Transport Act which provides for a levy of 9.06p in the pound for 1989–90. This is estimated to raise £188 million, which is equivalent to 65.63 per cent. of my estimated expenditure of £286.6 million in grants to LRT in 1989–90. The balance of £98.6 million will be found from the Exchequer. The order is subject to affirmative resolution.