§ Mr. Ridleyasked the Secretary of State for the Environment what was the average rent, and the total gross yield, of council house rents in 1973–74; what are the figures for the current financial year; and what has been the decline in the value of money in the same period.
§ Mr. ArmstrongFor 1973–74 in England and Wales the average un-rebated rent was £3.62 a week, and the total gross yield was £835 million. For 1975–76 the estimated figures are about £4.30 and £1,050 million, respectively. The General Index of Retail Prices shows a 32½ per cent. decline in the value of the pound from September 1973 to September 1975.