HC Deb 10 February 1964 vol 689 cc17-8W
Mr. Wainwright

asked the Chancellor of the Exchequer if he will give the percentage of the national product that was spent on housing for the years 1953, 1954, 1955, 1956, 1957, 1958, 1959, 1960, 1961, 1962, 1963, respectively, and the estimated amount for 1964.

Mr. Green

The hon. Member will appreciate that total expenditure on housing is composed of two main elements; (a) consumer expenditure, (b) gross fixed capital formation. The total for each year is as follows:

Expenditure on housing as a percentage of the gross national product at factor cost
Total
1953 10.5
1954 10.4
1955 9.9
1956 9.5
1957 9.4
1958 9.7
1959 10.1
1960 10.3
1961 10.3
1962 10.6
1963* 10.8
* The figures for 1963 relate to the first nine months Figures for the fourth quarter of 1963 and forecasts for 1964 are not available.