§ Mr. Spearingasked the Secretary of State for the Environment what studies he has made concerning the role of inflation of land values in the general inflationary cycle.
§ Mr. ChannonNo special studies of this kind are needed. It has long been recognised that rising land prices contribute to general inflation by increasing, the total costs of using land for par-96W ticular purposes. I would refer the hon. Member to paragraph 23 of the White Paper on the Programme for Controlling Inflation. The Second Stage.