Housing Expenditure

HC Deb 20 November 1987 vol 122 cc705-6W

Mr. McAllion

To ask the Chancellor of the Exchequer what is the projected level of public expenditure on housing for 1987–88 compared with 1979, expressed at current prices.

Mr. Major

The table compares the estimated outturn of public expenditure on housing in Great Britain for 1987–88 with the outturn of expenditure for 1978–79 expressed at 1987–88 prices.

Housing Expenditure in Great Britain
£ million
	Gross capital	1Current
21978–79	6,434	3,493
1987–88	4,704	1,524
1 Figures include Rate Fund Contribution and non-Housing Revenue Account expenditure.
2 1987–88 prices using GDP deflator.