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Part of the debate – in the House of Commons at 3:32 pm on 22nd July 1986.

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Photo of Hon. Nicholas Ridley Hon. Nicholas Ridley , Cirencester and Tewkesbury 3:32 pm, 22nd July 1986

I am grateful to my hon. Friend. The figure of 46·4 per cent. remains and I believe that many authorities will welcome that. I also thank my hon. Friend for his reference to the stopping of abuse of the deferred payment scheme which will save ratepayers immense burdens in the future. It is in the interests of ratepayers that that abuse should be stopped quickly before it gets them into real trouble.

Capital allocations are not the subject of this statement, but I shall be putting forward proposals or making a statement about that aspect at a later stage. The figure, of course, will be covered by the public expenditure White Paper.