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Mr. Peter Bottomley
asked the Secretary of State for the Environment if he will publish in the Official Report the total expenditure on the option mortgage scheme for each year since 1968; and if he will express these sums in 1977 prices.
Mr. Armstrong
Following is information on option mortgage subsidy payments made in Great Britain for each financial year since 1968–69:
| OPTION MORTGAGE SUBSIDY PAYMENTS: GREAT BRITAIN | ||||
| £million | ||||
| Financial year | Current Prices | 1976–77 Prices | ||
| 1968–69 | … | … | 7 | 16 |
| 1969–70 | … | … | 9 | 21 |
| 1970–71 | … | … | 13 | 27 |
| 1971–72 | … | … | 18 | 35 |
| 1972–73 | … | … | 28 | 51 |
| 1973–74 | … | … | 50 | 84 |
| 1974–75 | … | … | 75 | 107 |
| 1975–76 | … | … | 104 | 118 |
| 1976–77 | … | … | 140 | 140 |