§ Mr. Rostasked the Secretary of State for the Environment if any discussions have been held between his Department and building societies resulting in restrictions on new advances more than the 10 per cent. reduction already announced.
§ Mr. Rostasked the Secretary of State for the Environment what further advice he has given to building societies on the amount by which they should cut back on mortgages beyond a 10 per cent. reduction from the sum advanced last December.
§ Mr. ShoreThe agreement with the Building Societies Association related to a reduction in the second quarter of 1978 of about 10 per cent. in the monthly guidline level previously agreed for the first half of 1978. The Government have given no advice about a further reduction.