Housing Investment, Lambeth (Hansard, 19 January 1993)

§ Mr. Baldry

The 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.

163W

Housing investment programme ( HIP) allocations by Lambeth borough council and capital expenditure, 1978–79 to 1992–93
£ thousand
	HIP allocations¹	Housing capital expenditure
	Cash	1992–93 prices²	Cash	1992–93 prices²
1978–79	42,956	121,018	n/a	n/a
1979–80	56,334	136,027	n/a	n/a
1980–81	54,915	112,057	n/a	n/a
1981–82	41,530	77,282	n/a	n/a
1982–83	43,314	75,242	32,185	55,909
1983–84	42,333	70,284	46,812	77,721
1984–85	40,185	63,497	45,201	71,423
1985–86	34,372	51,501	44,112	66,095
1986–87	35,587	51,659	56,201	81,583
1987–88	33,969	46,741	56,582	77,857
1988–89	30,683	39,355	37,064	47,539
1989–90	23,450	28,222	68,346	82,254
New capital finance system³
1990–91	30,329	33,803	46,755	52,110
1991–92	33,248	34,661	⁴32,351	⁴33,726
1992–93	32,354	32,354	⁵41,287	⁵41,287
¹ Allocations for the years up to and including 1989–90 are final allocations, ie 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 of 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.