§ Mr. Nicholas Edwardsasked the Secretary of State for the Environment if he will compare the indices of average monthly repayments on a three-bed-roomed semi-detached house over the period 1963–74 with the indices of (a) average basic wage rates for manual workers and (b) average income after tax and national insurance—all incomes—over the same period.
§ Mr. KaufmanIndices calculated from the available data are set out below:
Average payment on building society loans Average basic wage rates of manual workers Personal disposable income per head 1963 100 100 100 1964 110 105 107 1965 114 109 114 1966 124 114 120 1967 137 119 125 1968 148 127 133 1969 158 133 140 1970 180 146 153 1971 203 165 170 1972 232 188 193 1973 270 214 221 Average payments have been calculated from total payments of interest and capital by borrowers to building societies.
131WNo allowance has been made for tax. Figures for particular types of dwellings are not available.