HC Deb 13 February 1970 vol 795 c433W
Mr. Rossi

asked the Minister of Housing and Local Government if he will publish in the OFFICIAL REPORT a table similar to the one given on page 42 of the Report of the Milner Holland Com-

COMPARISON OF WEEKLY COST TO THE HOUSEHOLDER OF ACCOMMODATION UNDER VARIOUS TYPES OF OWNER, 1969*
Landlord Required rent per week
Average total cost of dwelling including land Local authority rent per week Housing Association§ Private Landlord|| Owner-Occupier Before tax relief Payment per week After tax relief
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
£7,600 4 15 6 14 3 3 17 7 9 14 5 6 10 5 9
£5,200 3 10 6 9 17 6 12 1 6 9 15 6 7 1 0
* Based on the table on page 42 of the Report of the Milner Holland Committee, which dealt with the position in 1964. The same allowances for repairs and management are included.
† Original estimates for 1964 increased notionally for price rises since then.
‡ Original estimates increased by the estimated average rise in local authority unrebated rents. These rents reflect rent pooling, Exchequer subsidies and any rate fund contribution.
§ Calculated on a loan at 9¼ per cent, annum for 60 years and assuming no Exchequer subsidy payable.
|| Calculated to give a gross return of 11½ per cent, per annum.
¶ Calculated on a 100 per cent, mortgage at 8 ½ per cent, per annum for 25 years term. Assumed that the mortgagor receives the maximum relief from income tax at the standard rate on earned income.