§ Mr. Weetchasked the Chancellor of the Exchequer whether he will introduce legislation to give building society borrowers the right to choose the drafting agent for the mortgage deed on payment of the required fee.
§ Mr. Bruce-GardyneNo. It is the normal practice of building societies to prescribe a standard form of mortgage deed: the use of a standard form both protects the security
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$ million £ million £ per capita £ per house-hold Total at constant prices† 1981 = 100 1963 5,272 1,885 35.1 110 152.9 1964 5,876 2,106 39.0 121 165.7 1965 7,043 2,513 46.2 143 190.1 1966 7,026 2,518 46.1 142 183.4 1967 6,704 2,786 50.7 155 197.4 1968 8,136 3,412 61.9 188 234.9 1969 8,182 3,408 61.5 184 226.2 1970 7,172 2,996 54.0 160 184.4 1971 5,944 2,329 41.8 123 129.4 1972 5,160 2,202 39.4 115 111.0 1973 7,712 3,319 59.3 172 154.8 1974 11,926 5,076 90.6 262 202.8 1975 13,821 6,831 122.0 349 214.5 1976 19,564 11,495 205.4 584 316.3 1977 25,286 13,180 235.7 662 323.0 1978 22,365 10,958 196.0 545 240.9 1979 20,210 9,083 162.4 450 176.1 1980 17,010 7,111 127.0 349 116.5 1981 12,922 6,762 120.1 328 100.0 * Comprises long, medium and short-term borrowing by Her Majesty's Government (including borrowing under eurodollar facilities) and borrowing by local authorities and public corporations (including, from 1976, a certain amount of sterling borrowing from banks abroad). † Derived using the deflator for gross domestic product at factor cost. ‡ Indicates "not available". ║ Long-term borrowing only.