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Mr. John Fraser
asked the Secretary of State for the Environment what was the total amount of interest paid by local authorities on loans for housing purposes in each of the financial years, 1983–84, 1984–85 and 1985–86, respectively.
Mr. Tracey
The total amount of interest on loans debited to the housing revenue accounts of local authorities, as reported by the authorities, was as follows:
| Year | £ million |
| 1983–84 | 2,327 |
| 1984–85 | 2,417 |
| 1985–86 | 2,583 |