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LRT efficiency cuts subsidy bill

21st December 1985
Page 18
Page 18, 21st December 1985 — LRT efficiency cuts subsidy bill
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Which of the following most accurately describes the problem?

LONDON Regional Transport's Government subsidy has been cut by £51 million next year, leaving ratepayers to find .1:193.6 million, compared with £212 million this year.

'Transport Secretary Nicholas Ridley announced that the total LRT grant next year would be reduced by $28 million to 1:295 million, despite an increase in the capital grant from the Government of S:23 million to £216 million.