§ Mr. Chris Smithasked the Chancellor of the Exchequer what is the net effect on the public sector 37W borrowing requirement of each £100 million of local authority expenditure on (a) building new dwellings, (b) improvement investment and (c) house renovation grants, taking into account income from taxes and national insurance contributions, etc. and expenditure on all social benefits.
§ Mr. Peter ReesI shall let the hon. Member have a reply as soon as possible.