HC Deb 09 July 1979 vol 970 c96W
Mr. Best

asked the Secretary of State for the Environment if he will list for the years 1958 to 1978 (a) average council house rents, and (b) mortgage interest rates.

Mr. Geoffrey Finsberg

The information is as follows:

Estimated average weekly unrebated rents of local authorities in April each year* Recommended building society mortgage interest rates
£ Per cent. Month of recommendation
1958 0.96 6
1959 1.01 May
1960 1.04 6 May
1961 1.10 May
1962 1.22 6 January
1963 1.28 6
1964 1.35 6
1965 1.44 January
1966 1.60 7⅛ May
1967 1.75 7⅛
1968 1.93 7⅝ April
1969 2.09 March
1970 2.35
1971 2.48 8 October
1972 2.75 September
1973 3.44 April
10 August
11 September
1974 3.78 11
1975 4.16 11
1976 4.77 10½ April
12¼ October
1977 5.52 11¼ April
10½ June
September
1978 5.85 January
June
11¾ December
* May 1973.