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Planning Gain Supplement

Volume 458: debated on Thursday 22 March 2007

To ask the Chancellor of the Exchequer what proportion of revenue from planning gain supplement from developments in London he plans to be allocated to the Greater London Authority. (128637)

Budget 2007 announced that the Government propose that either the Mayor of London or one of his functional bodies would directly receive the regional share of PGS revenues for infrastructure to deliver the objectives identified in the London Plan. As in other regions, the expectation is that transport would be the focus of spending in the short term.