§ Mr. Geoffrey Finsberg
We do not propose to make increases in the housing investment programme allocations of any authorities, since the resources available for this purpose in 1980–81 have all been distributed.
§ Mr. Marks
Is the hon. Gentleman aware that the resources of the housing investment programme have been cut by 50 per cent. and that that will mean disaster for home improvements, home loans and repairs, and for those young people who are seeking accommodation? Is he further aware that, together with 1375 an increased mortgage rate, that spells a very difficult future?
§ Mr. Finsberg
If Tameside takes advantage of the opportunity to sell council houses in 1980–81 it will be able to increase its expenditure. As it is, the reduction is not 50 per cent. but 26.5 per cent.