§ Mr. Speedasked the Secretary of State for the Environment what should be the current maximum value of home loss payment to retain its purchasing value at the same level as when it was introduced; and what plans he has to increase the current figure.
§ Mr. FreesonA home loss payment is a token sum paid in recognition of distress caused through having to leave a home, as distinct from compensation and removal costs, which reflect current prices. Since the rating revaluation in 1973, the sum has been tied to three times the rateable value, within a maximum of £1,500 and a minimum of £150. I have no plans for an early change.