HC Deb 09 July 1968 vol 768 c43W
Mr. Arthur Lewis

asked the Minister of Housing and Local Government by how much the officially estimated 4½ per cent. rise in prices during the current year as a result of devaluation and indirect taxation increases will increase the cost of a three-bedroom council house.

Mr. MacColl

I cannot give a figure. House prices do not necessarily move with costs. At least part of the increase —which I estimate at about 3 per cent. not 4½ per cent.—may be absorbed by builders or offset by the use of more economic designs.