HC Deb 14 March 1991 vol 187 c673W
Mr. Roger King

To ask the Secretary of State for the Environment whether he has any changes to announce to his Department's cash limits for 1990–91.

Mr. Heseltine

Yes. I propose to make the following changes:

  1. (i) The non-voted cash limit for DOE/OES will be increased by £2,110,000 from £58,705,000 to £60,815,000. This results from the provision of additional supplementary credit approvals to enable local authorities to raise finance to fulfil their obligations to contribute part of the cost of certain roads built by the Commission for the New Towns and new town development corporations in England. The increase will be wholly offset by counterbalancing new town receipts (see (iii) (b) below).
  2. (ii) The non-voted cash limit DOE/LACAP will be increased by £500,000 from £2,785,170,000 to £2,785,670,000. This results from the provision of additional supplementary credit approvals to enable Peterborough DC to raise finance to purchase housing stock from the Commission for the New Towns. This increase is also wholly offset by counter-balancing new town receipts (see (iii) (b) below).
  3. (iii) The non-voted cash limit for DOE/NT (New Towns) will be increased by £222,390,000 from minus £525,370,000 to minus £302,980,000. This net increase is the result of the following individual changes:
    1. (a) an increase of £225,000,000, reflecting the effect on receipts of the present state of the property market;
    2. (b) reductions of £2,110,000 and £500,000 respectively resulting from additional receipts from local authorities financed by the cash limit increases described in (i) and (ii) above.
  4. (iv) The External Finance Limit for Letchworth Garden City Corporation will be increased by £4,120,000 from minus £4,000,000 to £120,000. This reflects changes in the Corporation's financing profile as a result of the downturn in the property market.

These changes are within the forecast outturn for the planning total published on 1 February in the statistical supplement to the 1990 autumn statement.