Levy, London Boroughs (Hansard, 23 January 1992)

HC Deb 23 January 1992 vol 202 c278W 278W

§ Mr. Tony Banks
To ask the Secretary of State for the Environment what was the levy imposed on London boroughs by the London residuary body in 1991; and what is the expected levy for the coming year.

§ Mr. Key
The levy imposed on inner London boroughs for the year 1991–92 was £15.7 million. The LRB has indicated that the levy for the year 1992–93 will be of the order of £35 million to £40 million. This includes a substantial element to cover late rating adjustments, for which the former Inner London education authority had made inadequate provision.