Council Housing (Cost)

Part of Oral Answers to Questions — Environment – in the House of Commons am 12:00 am ar 5 Rhagfyr 1973.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mr Frank Allaun Mr Frank Allaun , Salford East 12:00, 5 Rhagfyr 1973

asked the Secretary of State for the Environment what is the total cost of a council house costing £8,000, including land, after interest has been paid on the loan for the usual borrowing period of 60 years at the current Public Works Loan Board rate for long-term loans of 11⅝ per cent.; what is its economic rent, excluding repairs and rates; and if he will estimate the effect of the 13 per cent. bank rate on such a cost and rent.