§ Mr. Peter Walkerasked the Minister of Housing and Local Government what has been the annual cost of the interest subsidy on local authority housebuilding since the system was introduced; and what is his estimate for 1969.
§ Mr. FreesonThe total payment made to local authorities in England in each year in respect of the basic subsidy under the Housing Subsidies Act, 1967, being payments both in respect of new claims for subsidy on completed houses and the annual instalments of claims first met in earlier years, are as follows:
£ 1967–68 … … 9,921,941 1968–69 … … 19,179,685 1969–70 … … 41,200,000