§ 17. Mr. Christopher Ward
asked the Minister of Public Building and Works what change he expects in the index in the cost of new construction in the course of 1970.
§ Mr. John Silkin
It is too early to make a reliable forecast of the movement in construction costs in 1970.
§ Mr. Silkin
The National Federation of Building Trades Employers believes that there should be about a 3 per cent. rise as a result of the increase under the productivity agreement, provided employers do not get a return in productivity. But they probably will, and that is the point of it. Material costs are expected to rise by 2 to 3 per cent. The whole forecast must be seen in the light of those two assessments.