§ Mr. GerrardTo ask the Secretary of State for the Environment what has been the housing investment programme allocation for the London borough of Waltham Forest for each of the last 10 years, expressed at constant prices.
§ Mr. BaldryThe information requested is given in the table. The figures for 1990–91 and subsequent years are not directly comparable with those for earlier years because of the revisions to the capital finance system introduced in April 1990.
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Housing investment Programme (HIP) allocations by Waltham Forest borough council and capital expenditure, 1983–84 to 1992–93 £ thousands HIP allocations1 Housing capital expenditure Cash 1992–93 prices2 Cash 1992–93 prices2 1983–84 8,627 14,323 13,279 22,047 1984–85 8,945 14,134 16,135 25,495 1985–86 8,270 12,391 12,739 19,087 1986–87 7,971 11,571 14,462 20,993 1987–88 7,600 10,458 18,568 25,550 1988–89 9,651 12,379 21,881 28,065 1989–90 6,926 8,335 35,921 43,231 New capital finance system3 1990–91 17,138 19,101 23,744 26,463 1991–92 13,859 14,448 418,881 419,683 1992–93 17,752 17,752 524,827 524,827
1 Allocations for the years up to and including 1989–90 are final allocations, i.e., the initial allocation plus any increases to the initial allocation made in-year. The allocations figures for 1990–91 and subsequent years are the HIP allocations (housing annual capital guidelines plus specified capital grants) issued prior to the start of the financial year. These figures do not include any supplementary credit approvals issued during the year. 2 Cash figures have been converted to 1992–93 price levels by excluding the effect of general inflation as measured by the GDP market prices deflator. 3 From 1990–91, under the new capital finance system, the HIP allocation is an assessment or relative need for housing capital expenditure rather than a direct borrowing approval. Borrowing approval is now conveyed by the single, all service, basic credit approval. 4 Provisional. 5 Estimated.