§ Mr. MansTo ask the Chancellor of the Exchequer if he will make a statement on the implementation of the extension of the BES to private rented housing.
§ Mr. Lilley[holding answer 29 November 1988]: This year's Finance Act extended the BES to companies specialising in letting properties on new-style assured tenancy terms. The scheme applies to investment in shares issued after 29 July (Royal Assent) and the indications are that it will be highly successful. The Government are confident that the extension of the scheme will make a significant impact on the supply of private rented housing.