I apologise for further intervening, but it is important that we have clarity on this point. Yes, there were gross costs of £40 million, but there were also savings over the transitional period of almost an equivalent amount. There was a separate issue about ongoing savings of £6.5 million thereafter. Over the transitional period, looked at on net-present-value basis, the gap between costs and savings was very small indeed. As my noble friend says, it is important that we have that clearly on the record.
Local Government Bill [HL]
Proceeding contribution from
Lord McKenzie of Luton
(Labour)
in the House of Lords on Wednesday, 14 July 2010.
It occurred during Committee of the Whole House (HL)
and
Debate on bills on Local Government Bill [HL].
About this proceeding contribution
Reference
720 c710 Session
2010-12Chamber / Committee
House of Lords chamberSubjects
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2023-12-15 18:01:47 +0000
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