§ Mr. Robin F. Cookasked the Secretary of State for the Environment what was the total amount of Exchequer and rateborne subsidy on local authority housing in England and Wales for each of the latest convenient three years; and what was the total value of tax relief and option mortgage subsidy to mortgagors in each of the same years.
§ Mr. KaufmanThe figures are as follows
(a) Exchequer and rate-borne subsidy on local authority housing in England and Wales (including rate rebate subsidy):
£m. 1970–71 215 1971–72 225 1972–73 295 (b) Estimated tax relief on mortgage interest for house purchase and option mortgage subsidy in England and Wales:
Tax relief Option mortgage subsidy (£m.) (£m.) 1970–71 285 13 1971–72 323 18 1972–73 373 28