§ Mr. AllenTo ask the Chancellor of the Exchequer how much additional lending has been injected into the economy since 1979 as a result of council house sales; and if he will make a statement.
§ Mr. Norman LamontCouncil house sales increase personal sector borrowing and reduce public sector borrowing. No estimates of the net effect on borrowing are available.
§ Mr. AllenTo ask the Chancellor of the Exchequer what inflationary impact the sale of council houses has had on the economy.
§ Mr. Norman LamontCouncil house sales have contributed to the improvement in the supply side of the economy and so should help the Government in their objective of reducing inflation.