Some firms may overspend while others underspend, depending on how prepared they are to risk harm and consequent reputational damage, as well as legal liability and possible bankruptcy.
For local authority capital expenditure generally the level of underspend in 1981–82 could be between £400 million and £800 million.
None of that underspend was necessary, and no one should have come to my surgeries crying because their home helps had been taken away.
I have personal examples of many authorities who are grossly underspending.
Some underspends have been identified, as is normal with such programmes, and where possible recommitment of grant will be made.
At the county council meeting in the past week, it was discovered that there has been underspend of £4 million.
There is no projected underspend for the independent living—extension—fund.
The current projected underspend for 1993–94 is £1·2 million.
