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Mr. Austin Mitchell
To ask the Secretary of State for the Environment what was the ratio of house prices to median, quartile and decile incomes of full-time adult male manual and non-manual workers in April 1979, April 1988 and April 1989; what was the effect on prices of the increase in the incomes of highly paid non-manual workers; and what action he will take to ensure that houses are no less affordable to the median manual worker than in 1979.
Mr. Chope
The available information is as follows:
Ratio of average house prices to annual earnings:1Great Britain | |||||
April | Lowest decile | Lower quartile | Median | Upper quartile | Highest decile |
Manual men | |||||
1979 | 5·9 | 4·9 | 4·0 | 3·3 | 2·7 |
1988 | 7·5 | 6·0 | 4·7 | 3·8 | 3·0 |
1989 | 7·9 | 6·3 | 5·0 | 3·9 | 3·1 |
Non-manual men | |||||
1979 | 5·4 | 4·4 | 3·4 | 2·7 | 2·1 |
1988 | 6·2 | 4·6 | 3·4 | 2·6 | 1·9 |
1989 | 6·5 | 4·8 | 3·5 | 2·7 | 2·0 |
Sources: New Earnings Survey—Department of Employment. Full-time men whose pay for the survey period was not affected by absence. Weekly averages have been converted to an annual amount (× 52). | |||||
1 5 per cent. sample survey of building society mortgage completions-Department of the Environment. |