HC Deb 06 March 1967 vol 742 cc1026-7
9. Mr. Channon

asked the Minister of Public Building and Works what estimate he has formed of the likely increase in the building and construction programme during 1967 as a result of increased credit facilities recently announced.

Mr. Prentice

The increased credit facilities are intended to stimulate demand. It is not possible to isolate their effects from other factors in the situation.

Mr. Channon

Would not the Minister agree that while everyone welcomes those credit facilities they are hardly a dramatic and generous new initiative, since he so misguidedly withdrew them first and in spite of that still expected to reach the target of 400,000 houses in 1965–66?

Mr. Prentice

The hon. Member must get away from the idea that there was a target. Certainly the credit facilities should not be regarded in isolation but should be seen alongside the extra finance available from building societies, which should reach an all-time record this year, and in the context of the general state of the economy, which is growing in strength because of the Government's measures.

Mr. Allason

Would the Minister agree that if he could persuade his right hon. Friend the Minister of Housing to stop giving such warm encouragement to direct labour organisations a considerable improvement in the industry's productivity would result?

Mr. Prentice

No, Sir. I believe that both private enterprise and public enterprise have a contribution to make towards meeting our targets in housing and other forms of building.