§ Mr. Rooker
asked the Secretary of State for the Environment what account the allocation of resources to the Housing Corporation announced on 18 December takes of the imposition of value added tax on building alterations.
§ Mr. Gow
The announcement on 18 December of the provision of net capital resources for the Housing Corporation of £605 million plus estimated capital receipts of £80 million takes full account of the effect of value added tax. I shall be announcing shortly the breakdown of the Housing Corporation's approved development programme.