House Purchase (Interest Rates)

Part of Oral Answers to Questions — Environment – in the House of Commons at 12:00 am on 30th April 1980.

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Photo of David Winnick David Winnick , Walsall North 12:00 am, 30th April 1980

Is the Secretary of State aware that there is an acute housing crisis? Is he aware that many people who wish to buy are unable to do so because of property price inflation and the record mortgage interest rate? Is it not a tragedy that so many people who would stand a chance of being re-housed by local authorities are now the victims of the Secretary of State's actions, under which council house building has come to a virtual stop?