HC Deb 25 March 1968 vol 761 cc196-7W
Mr. Buchanan-Smith

asked the Minister of Public Building and Works what estimates he has made of the average increase in building costs per house of the proposed increase in Selective Employment Tax.

Mr. Mellish

The increase in S.E.T. which was announced by my right hon. Friend the Chancellor of the Exchequer on 19th March could add about 1 per cent. to the cost of construction generally, including house-building, but the increase will be less if productivity continues to rise, as it has been doing in the past.

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