§ Mr. John Fraserasked the Secretary of State for the Environment what he 288W estimates to be the cost to the Treasury of the respective subsidies paid to local authorities under the Housing Finance Act 1972 for the year 1972–73.
§ Mr. ChannonLocal authorities have not yet made returns following the end of the financial year, but the estimated out-turn for subsidies under the Act to local authorities in England and Wales for 1972–73 is as follows:
£ Million Residual subsidy … 87 Transition subsidy … 7 Operational deficit subsidy … 7 Rising costs subsidy … 62 Rent rebate subsidy … 61 Rent allowance subsidy … 5 Slum clearance subsidy … 4 Others … 1 Total … 234 In addition, supplementary benefit paid towards rent is estimated to amount to about £130 million.