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Base Rate Rises and Transport for London

  • Reference: 2022/3737
  • Question by: Len Duvall OBE
  • Meeting date: 13 October 2022
As part of previous funding deals Transport for London borrowed £600 million from the Government. How will the rise in interest rates announced by the Bank of England last week alongside other current financial instability likely impact upon the costs of this loan?

Gilts and Green Bonds (2)

  • Reference: 2022/3736
  • Question by: Len Duvall OBE
  • Meeting date: 13 October 2022
What are the longer-term impacts of the rise in the base rate and in gilts on further rounds of the Mayor’s Green Bonds Scheme?

Gilts and Green Bonds (1)

  • Reference: 2022/3735
  • Question by: Len Duvall OBE
  • Meeting date: 13 October 2022
How is the rise in the base rate and in gilts expected to impact on the Green Bonds Scheme and will it need to yield higher returns?

Gilts and the Functional Bodies

  • Reference: 2022/3734
  • Question by: Len Duvall OBE
  • Meeting date: 13 October 2022
How will the rise in gilts and the cost of borrowing impact on the finances of the functional bodies?

Gilts and the GLA

  • Reference: 2022/3733
  • Question by: Len Duvall OBE
  • Meeting date: 13 October 2022
As the rise in gilts will affect the cost of borrowing, what revisions to the GLA’s budget for 2023/24 do you anticipate?

One-Off grant funding and the Mayoral Budget

  • Reference: 2022/3732
  • Question by: Len Duvall OBE
  • Meeting date: 13 October 2022
This financial year (2022/23) one off grant funding has provided an additional £147.3 million in funding, raising the GLA:Mayor budget by 67.7 percent or £82.3 million. How likely is it that a similar level of grant funding will be offered in 2023-24 and which areas of the GLA family do you anticipate this will be shared between?

Rising Energy Costs and the GLA group (7)

  • Reference: 2022/3731
  • Question by: Len Duvall OBE
  • Meeting date: 13 October 2022
What support, financial or otherwise, has been offered by Government to support the GLA group with rising energy costs?

Rising Energy Costs and the GLA group (6)

  • Reference: 2022/3730
  • Question by: Len Duvall OBE
  • Meeting date: 13 October 2022
How do you anticipate that rising energy prices across the GLA group will impact on your budget for 2023/24 and do you anticipate changes to the funding set out in the Budget Guidance?

Rising Energy Costs and the GLA group (5)

  • Reference: 2022/3729
  • Question by: Len Duvall OBE
  • Meeting date: 13 October 2022
How are rising energy prices likely to impact on Old Oak and Park Royal Development Corporation’s budget for 2023/24?

Rising Energy Costs and the GLA group (4)

  • Reference: 2022/3728
  • Question by: Len Duvall OBE
  • Meeting date: 13 October 2022
How are rising energy prices likely to impact on the London Legacy Development Corporation’s budget for 2023/24?
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