§ 24. Sir Michael NeubertTo ask the Chancellor of the Exchequer what further fiscal or other measures he plans to introduce to stimulate the housing market. [27059]
§ Sir George YoungWe fully recognise the importance of encouraging a stable and health housing market. The best help that any Government can give the housing market is to deliver sustainable economic growth, based on low inflation and sound public finances. The Government are doing precisely that. Furthermore, the combined effect of changes in interest rates and mortgage interest relief since October 1990 has been to make the average mortgage holder £130 a month better off.