To 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.