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Rent Subsidies

Volume 930: debated on Wednesday 20 April 1977

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asked the Secretary of State for the Environment what is his latest estimate of the cost of council house rent subsidies during the year ending 5th April 1978.

On the latest available information I estimate that in England central Government subsidy and rate fund contributions to housing revenue accounts will be £1,199 million; plus a cost of £318 million for rent rebates. These figures do not take into account any reduction which the most recent fall in interest rates is likely to produce.