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Mr. Rossi
asked the Secretary of State for the Environment whether, in view of current economic situation and his policy of reducing public sector borrowing, he will make a statement indicating the maximum unit cost of new local authority housing in Greater London he is currently prepared to allow.
Mr. Freeson
No. Each scheme is considered on its merits, in particular in relation to the housing cost yardstick. The all-in cost per unit will vary widely according to a number of factors, including the original cost of the land.