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• Question by: Elizabeth Howlett
• Meeting date: 11 June 2003

Mr Kiley, I heard you speak the other evening at the London Business meeting about tax increment financing. At that time you said the Jubilee Line could raise perhaps two ? four billion pounds. I understood that this is not just a business tax, but it would be a domestic tax as well; it would be on all properties where the value had been enhanced by their distance or nearness to a line like the Jubilee Line. Have you had a nod or a wink from Government or the Chancellor that this is a possibility? Have you prepared clauses for...

• Question by: Elizabeth Howlett
• Meeting date: 11 June 2003

Many of these links go along the bottom of people's gardens. Your tax increment financing will be a business tax, so how can you make money for the tram links if they are chugging up behind people's gardens? That would be a domestic tax.

• Question by: Elizabeth Howlett
• Meeting date: 11 June 2003

Thank you, Mr Kiley. I look forward to getting that. I know the Mayor is committed to a better transport system for South London and I am sure you are as well. I am aware of that from the conversations and the briefings I have had on the extension to the Southwest London tram. Can you tell me when the developmental work will be finished on the Sutton Tooting and the Purley Streatham links? I know there is developmental work going on now, there is money for that but there is no capital monies for the actual schemes themselves. You...