§ Mr. Fraser
To ask the Secretary of State for the Environment what are his Department's guidelines for rents of council homes in Lambeth in 1992 and 1993.468W
§ Mr. Yeo
Guideline rents are the assumptions about each local housing authority's rental income used in the calculation of entitlement to housing revenue account subsidy. They are calculated by each authority in accordance with a formula determined annually by my right hon. Friend the Secretary of State. For 1992–93 my right hon. Friend has proposed that guideline rents should be increased by between £1.20 in low value areas to £4.50 in high value areas. If the proposals are confirmed, the Department estimates that Lambeth's guideline rent for 1992–93 is likely to be £30.39 a week. No decisions have been made about guideline rents for 1993–94.