§ Mr. Nicholas BakerTo ask the Secretary of State for Health what rate of interest on invested capital is to be assumed by a local authority when assessing the charge to be made to a person in residential accommodation arranged by that local authority. [23401]
§ Mr. BowisThe formula for calculating the contribution a resident makes from his capital between the lower and upper limits is not intended to represent any rate of return that could be obtained from investing that capital. It provides a straightforward method of calculating the weekly contribution which people with capital in between the two limits are expected to make from those resources to help meet their accommodation costs.