§ Mr. Strawasked the Secretary of State for the Environment (1) if he will publish in the Official Report the evidence he has for the assumption at paragraph 23 of the explanatory and financial memorandum of the Housing Bill that 30 per cent. of the finance of council houses sales would be provided privately;
(2) what proportion of the proceeds of sales of councils houses in each of the last 10 years, or for a shorter period if such figures for 10 years are not available, has been financed privately.
§ Mr. StanleyThe available information for Engand and Wales is published inHousing and Construction Statisticsand dates from 1977. The figures derived from this table are as follows:
606W
Council House Sales: Proportion of Private Finance Percentage January-June 1977 1978 1979 27.2 32.4 30.1
§ Mr. Kaufmanasked the Secretary of State for the Environment if, consequent to his written answer to the hon. Member for Bootle (Mr. Roberts) Official Report, 26 November 1979, column 537, he will give the corresponding figure at a mortgage interest rate of 15 per cent. for a 33 per cent. discount; and if he will give the figures of annual repayments for 33 per cent. discount and 50 per cent. discount before tax relief.
§ Mr. StanleyThe figures are:
Discount Before tax relief After tax relief 33 per cent. £1,197 £849 50 per cent. £893 £634