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Mr. Speed
asked the Secretary of State for Education and Science what is the value of the basic student grant at constant prices for each of the last 10 years.
Mr. Waldegrave
[pursuant to his reply, 26 January 1983, c. 477]: The value of the minimum maintenance award for the academic years 1972–73 to 1982–83 measured at current and 1981–82 prices is as follows:
Academic | Current | Constant |
Year | Prices | Prices |
£ | £ | |
1972–73 | 50 | 186 |
1973–74 | 50 | 170 |
1974–75 | 50 | 145 |
1975–76 | 50 | 115 |
1976–77 | 50 | 101 |
*1977–78 | 80 | 139 |
1978–79 | 200 | 323 |
1979–80 | 335 | 464 |
1980–81 | 385 | 460 |
1981–82 | 410 | 440 |
1982–83 | 410 | 410 |
* From 1977–78 academic year the minimum maintenance payment was increased to take account both of the effects of inflation and to compensate parents for the reduction of child tax allowances in the 1977–78 financial year, following the introduction of child benefit. |