HC Deb 21 January 1985 vol 71 c297W
Mr. Craigen

asked the Secretary of State for Scotland what extra sum would require to be paid out to housing authorities under section 3 of the Housing (Financial Provisions) Scotland Act 1978 to compensate authorities if interest rates continue at their present level until 31 March.

Mr. Ancram

The Housing Support Grant (Scotland) Variation Order 1985 was laid before the House on 11 January and will be debated on 23 January. This variation order seeks to increase the amount of HSG payable to appropriate authorities for 1984–85 by £10.1 million reflecting interest rate assumptions at the time the order was laid. If the most recent movements in interest rates are sustained, a further variation order may in due course be required. It is not yet possible to calculate the amount of such a variation order.