Housing Market

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 15th June 1995.

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Photo of David Heathcoat-Amory David Heathcoat-Amory , Wells 12:00 am, 15th June 1995

I am not the slightest bit complacent about people who find themselves with negative equity, but I am entitled to point out that, as a result of lower inflation and lower interest rates, since 1990 the average mortgage holder is £130 a month better off. The best long-term policy to help those existing householders and people who wish to own their houses is sustainable growth, with its consequence of rising earnings, combined with low inflation, which is what we are delivering.