Memorandum by Declan Gaffney and Dr Jean
Shaoul (FLU 06)
Table 7
PRICEWATERHOUSECOOPERS' PROJECTIONS OF PPP
(£M)
| | Year
| 1 | 2
| 3 | 4
| 5 | 6
| 7 | 8
| 9 | 10
| 11 | 12
| 13 | 14
|
| 1 | LU's income | 1,170
| 1,200 | 1,230
| 1,250 | 1,280
| 1,290 | 1,310
| 1,330 | 1,340
| 1,360 | 1,380
| 1,400 | 1,420
| 1,440 |
| 2 | LU's operating Cost | (680)
| (660) | (650)
| (630) | (630)
| (640) | (650)
| (650) | (650)
| (650) | (650)
| (650) | (660)
| (660) |
| 3 | Operating cashflows | 490
| 540 | 580
| 620 | 650
| 650 | 660
| 680 | 690
| 710 | 730
| 750 | 760
| 780 |
| 4 | Infrastructure spending |
900 | 900
| 880 | 840
| 780 | 810
| 870 | 880
| 810 | 900
| 880 | 820
| 760 | 720
|
| 5 | External funding requirement
| 410 | 360
| 300 | 220
| 130 | 160
| 210 | 200
| 120 | 190
| 150 | 70
| 0 | (60)
|
| 6 | Interest and dividends without repayment
| 30 | 110
| 140 | 110
| 110 | 110
| 110 | 110
| 110 | 110
| 110 | 170
| 210 | 230
|
Source:
PricewaterhouseCoopers, Briefing (December 1999).
|
