Housing

Part of Orders of the Day — Supply – in the House of Commons at 12:00 am on 21st June 1978.

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Photo of Mr Bruce Douglas-Mann Mr Bruce Douglas-Mann , Merton Mitcham and Morden 12:00 am, 21st June 1978

I do not want to be unkind to a former Minister for Housing and Construction. However, dies he appreciate that the rental income from council housing rises each year? With any given stock of housing and with any degree of inflation, that income continues to increase. If we sell those council houses, there will be a subsidy on mortgage which, every time a house is sold—and a house is sold on average every seven years—will rise to a new level. That subsidy will continue into the future, growing greater and greater. If we built no further council houses, we would gradually move into a consistent level of profit from council housing. The right hon. Gentleman's figures are totally fallacious. I am surprised that he should present them.