§ Mr. JenkinTo ask the Secretary of State for the Environment, Transport and the Regions if he will estimate how many new homes are to be built before 2016 in(a) the County of Essex, (b) the Borough of Colchester and (c) the District of Tendring. [15773]
Present value (discounting to 1996–97) of effects front 1998–99 to 2027–28 1996–97 prices discounting to 1996–97 £ million Guideline rent reduction in 1998–99 Loss of gross rental income Saving in rent rebates Saving in public expenditure linked to the RPI Net public expenditure cost 1 per cent. 582 444 134 4 2 per cent. 1,164 888 268 8 3 per cent. 1,746 1,326 402 18 4 per cent. 2,328 1,767 537 24 5 per cent. 2,910 2,207 671 32 6 per cent. 3,492 2,642 805 45 7 per cent. 4,074 3,080 939 55 8 per cent. 4,656 3,517 1,073 66 9 per cent. 5,238 3,948 1,207 83 10 per cent. 5,820 4,378 1,341 100 Figures in the table have been rounded to the nearest £1 million. The calculations are derived from LAMOD, the Department's model for estimating the public expenditure effects of a change in Guideline Rent policy for local authorities. The results from LAMOD are sensitive to assumptions which are kept under continuous review.