Council Housing (Cost)

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

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

While pooling may reduce the rent of the house in the example quoted, will it not increase the rents of all the other houses? Secondly, is the hon. Gentleman aware that the economic rent of that house will be £17·95 a week plus rates and repairs, or approximately £20 a week? Will the Government either reduce the interest burden, which will go up with the higher bank rate, or finance housing out of revenue? If they can build a battleship or a motorway without paying a single penny of interest, why cannot they do the same with council houses?