§ 113. Sir C. Osborneasked the Minister of Public Building and Works how much the rise of 96 to 144 in the new house price index in the last eight years was due to land, labour costs and increased material costs, respectively; and how Her Majesty's Government propose to keep down these rising prices.
§ Mr. C. PannellThe Index of Prices of new houses is based on information provided by the Building Societies Association based on the actual sale price which is not broken down into its component parts. I am examining the problem of rising costs over the whole field of the construction industry; questions dealing with land, however, are a matter for my right hon. Friend, the Minister of Land and Natural Resources.