§ Mr. LawrenceTo ask the Secretary of State for Transport whether he will increase Government grant to London Transport in 1991–92.
§ Mr. RifkindYes. I am pleased to announce that I am increasing London Transport's grant by £53 million and its external financing limit by £39.8 million. This will be charged to the reserve and will not, therefore, add to the level of planned public expenditure. The increase is180W additional to the £55 million extra grant for 1990–91 announced in February this year. I have approved it because of the current downturn in LT's property receipts and revenue. It will enable LT to repay borrowing it undertook in 1990–91 and to proceed with important investment in the underground and docklands light railway.