HC Deb 11 April 1973 vol 854 cc287-8W
Mr. John Fraser

asked the Secretary of State for the Environment what he 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. Channon

Local 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.