§ Mr. Andrew F. Bennett
asked the Secretary of State for the Environment if he will estimate the expected level of investment in public sector house building in each of the next three years, expressed in both cash and real terms using 1985 as a base year, and for private house building over the same period.
§ Mr. Gow
The White Paper on the Government's "Public Expenditure Plans 1985–86 to 1987–88" (Cmnd. 9428) shows gross capital expenditure on housing as:
million 1985–86 3,051 1986–87 3,120 1987–88 3,150
The equivalent figures in real terms at 1985–86 prices are:
million 1985–86 3,051 1986–87 2,995 1987–88 2,911
No plans have been published for 1988–89. My Department makes no forecast of what proportion of this planned expenditure will be used for house building, nor does it make any forecast of investment in private house building.