§ Mr. Skeetasked the Secretary of State for the Environment, assuming (a) 12 per cent. (b) 16 per cent. annual rate of inflation, if he will indicate the capital value of a detached three-bedroom house in 1980 and 1985, calculated at a compound rate of interest, currently valued at £15,000.
§ Mr. ArmstrongFollowing are the values which the house would reach at those rates of increase:
12 per cent. per annum 1975 £15,000 1980 £26,400 1985 £46,600 16 per cent. per annum 1975 £15,000 1980 £31,500 1985 £66,200