§ 39. Mr. Douglas-Mannasked the Secretary of State for the Environment whether he will make a statement on the social and economic effects of the sale of council houses.
§ Mr. FreesonNot at present. Such social and economic factors are among the issues with which the housing finance review is concerned.
§ Mr. Newtonasked the Secretary of State for the Environment what were the total proceeds obtained from council and new town house sales in 1972–73; and what was the comparable figure in 1975–76.
§ Mr. FreesonIn 1972–73, rented houses in England representing an aggregate selling price of about £235 million were sold. Capital receipts in the same year amounted to some £112 million. The corresponding figures for 1973–74 were £98 million and £56 million and for 1974–75 £9 million and £17½ million. The differences mainly represent related 167W advances to purchasers by local authorities. Corresponding figures for 1975–76 are not yet available.