Housing Finance (Hansard, 27 July 1984)

§ Mr. Knox
asked the Secretary of State for the Environment what proportion of public spending on housing in each year since 1979 has been on new housing.

§ Sir George Young
The proportion of housing capital expenditure by local authorities, new towns and housing associations which has been on new house building—including land costs—since 1979–80 is estimated to be as follows:

Per cent.

1979–80 48

1980–81 49

1981–82 45

1982–83 36

1983–84 32

1978–79 1979–80 1980–81 1981–82 †1982.83 †1983.84 †‡1984–85

(i) Cash £ million 11,037 13,000 15,682 17,472 19,054 20,451 21,451

Index 1978–79=100 100 117.8 142.1 158.3 172.6 185.3 194.4

(ii) Cost terms║ £ million (at 1978–79 prices) 11,037 11,125 11,306 11,461 11,698 11,991 12,007

Index 1978–79=100 100 100.8 102.4 103.8 106.0 108.6 108.8

(iii) Volume terms¶ £ million (at November 1983 prices) 19,692 20,099 19,821 19,677 20,017 20,373 20,436

Index 1978–79=100 100 102.1 100.7 99.9 101.7 103.5 103.8

^* Outturn data except 1983–84 (revised estimates) and 1984–85 (budgets).

† Gross of interest receipts on services (£16 million in 1982–83).

‡ Includes about £35 million within housing benefits, previously classified outside RSG current expenditure.

║ Cash deflated by the GDP deflator.

¶ Cash deflated by changes in local authority pay and prices.

§ Mr. Simon Hughes
asked the Secretary of State for the Environment (1) what was the forecast level of capital expenditure in 1984–85 by local authorities generally and by each local authority shown in the capital estimates return for 1984–85 recently submitted by local authorities;
(2) what was the forecast level of capital receipts in 1984–85 by local authorities generally by each local authority shown in the capital estimates return for 1984–85 recently submitted by local authorities.

§ Mr. Waldegrave
Analysis of the capital estimates return, adjusted for missing authorities, shows estimated gross capital expenditure of £6,100 million and estimated capital receipts of £1,860 million. in 1984–85 in England. For comparison with the two cash limits, DOE/LA1 and DOE/UA1, the estimates of expenditure have been discounted; and a range of uncertainty around the estimates of receipts has been acknowledged.
I have today placed in the Library a table showing, for all responding English authorities, estimated capital expenditure and receipts.

	Per cent.
1979–80	48
1980–81	49
1981–82	45
1982–83	36
1983–84	32

	1978–79	1979–80	1980–81	1981–82	†1982.83	†1983.84	†‡1984–85
(i) Cash £ million	11,037	13,000	15,682	17,472	19,054	20,451	21,451
Index 1978–79=100	100	117.8	142.1	158.3	172.6	185.3	194.4
(ii) Cost terms║ £ million (at 1978–79 prices)	11,037	11,125	11,306	11,461	11,698	11,991	12,007
Index 1978–79=100	100	100.8	102.4	103.8	106.0	108.6	108.8
(iii) Volume terms¶ £ million (at November 1983 prices)	19,692	20,099	19,821	19,677	20,017	20,373	20,436
Index 1978–79=100	100	102.1	100.7	99.9	101.7	103.5	103.8
^* Outturn data except 1983–84 (revised estimates) and 1984–85 (budgets).
† Gross of interest receipts on services (£16 million in 1982–83).
‡ Includes about £35 million within housing benefits, previously classified outside RSG current expenditure.
║ Cash deflated by the GDP deflator.
¶ Cash deflated by changes in local authority pay and prices.