Is the Mayor’s housing, regeneration and transport spending on track?

How much control does the Mayor have over his housing programme? Why has only six per cent of the housing budget and only one per cent of the regeneration budget been spent so far this year? And what impact could the Mayor’s commitment to reduce fare increases have on Transport for London’s (TfL) plans?

The London Assembly’s Budget Monitoring Sub-Committee will tomorrow question senior representatives from the Greater London Authority (GLA) and TfL about their financial monitoring reports for the first quarter of 2012/13.

Since taking on the housing and regeneration responsibilities of the London Development Agency and the London Homes and Communities Agency in April this year, the GLA has seen a huge increase in its capital programme - up from £29m in 2011/12 to £802m in 2012/13. However first quarter reports suggest that spending has been slow to catch up.

From 3.30pm: Housing and regeneration
The Committee will question the following GLA officers about spending on housing and regeneration projects:

• David Lunts, Executive Director for Housing and Land
• Fiona Fletcher-Smith, Executive Director of Development and Environment
• Doug Wilson, Senior Finance Manager
• Tom Middleton, Head of Governance and Resilience



From approx 4.30pm: Transport for London

Committee Members will question the following guests about Transport for London spending and the potential impact on the Mayor’s annual fares decision:

• Andrew Pollins, Interim Chief Finance Officer, TfL
• David Gallie, Assistant Director of Finance, GLA



The meeting will take place on Tuesday, 16 October from 3.30pm in Committee Room 4 at City Hall (The Queen’s Walk, London SE1 2AA). Media and members of the public are invited to attend. The meeting can also be viewed via webcast.



Notes for Editors

1. Read the full agenda papers.
2. The Chair of the Budget Monitoring Sub-Committee, John Biggs AM, is available for interview. See contact details below.
3. As well as investigating issues that matter to Londoners, the London Assembly acts as a check and a balance on the Mayor.