§ Mr. Viggers
asked the Secretary of State for Defence if he will publish in the Official Report an analysis of the maximum limit available to members of the Armed Forces under the assisted house purchase schemes, showing how the current limit of £3,500 compares in real money terms with the amounts available in previous years.
§ Mr. Goodhart
The upper limit on loans made under the"50 plus" and"Resettlement" assisted house purchase schemes and the Royal Navy's long service advance of pay scheme was set at £3,500 in 1975. In terms of movements in the retail prices index the real value of this sum at 16 January 1981 would be equivalent to approximately £1,700 six years ago.