asked the Secretary of State for the Environment why in the explanatory and financial memorandum of the Housing and Building Control Bill (pp iii-iv) he chose 47 per cent. as the proportion of finance provided privately for council house sales; and if he will provide the evidence for, and the assumption behind, his choice of 47 per cent.
[pursuant to his reply, 10 November 1982, c. 194]: The most recent information (published in table 2.12 of "Housing and Construction Statistics", Part 2, No. 10) shows that in the second quarter of 1982 initial payments received by local authorities from the sale of dwellings were 47 per cent. of the capital value of sales, net of discount.
asked the Secretary of State for the Environment if he will state, from the latest evidence available to him, what is the percentage of finance provided privately for council house sales.
[pursuant to his reply, 10 November 1982, Vol. 31, c. 194]: The figure is 47 per cent.