§ Mr. Youngerasked the Minister of Public Building and Works, by how much he estimates the cost of new houses in Scotland will rise as a result of devaluation and the Budget proposals; and if he will make a statement.
§ Mr. MellishI estimate that the cost of building new houses in Scotland will rise by about 3 per cent. as a result of the devaluation package and the Budget proposals. The increase in the cost of building flats will be less and could be as low as 2 per cent.