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asked the Chancellor of the Exchequer what representations he has received respecting the possible effect of the recent increase in the Bank Rate on house purchase for occupation; and what steps he proposes to take to offset the burden being placed on building societies and young people desirous of buying a house.
Is the Minister aware that I have come across many instances where young people who had intended buying houses because of the Rent Act are now finding themselves in the position of having to submit to extortionate increases in rent? Does not the right hon. Gentleman think it desirable to encourage young people to acquire their own homes?