from a London Correspondent "Housing Statistics (England & Wales)", published by the Institute of Municipal Treasurers and Accountants, makes some revealing comments on the effect of high interest rates on council house rents, Based on returns from nearly 1,000 local authorities, it quotes a rise in average basic rents from £63 in 1962/3 to £68 in 1964/5 - an increase of 8.5 per cent. In the same two year period, the average total expenditure per dwelling from the revenue account rose from £94,’ to £103. Says the report: "The cost of the capital raised is by far the largest item of expenditure, and debt charges account for more than two-thirds of the total expenditure,"
The WeekThe Week Vol. 5, No. 19, 12 May 1966
Council House Rents Up 84 Per Cent in Two Years
The scan: The Week v5 no19.pdf (PDF, Marxists Internet Archive, opens at this page)
Uncorrected machine reading. This text was read by machine (Tesseract OCR) from a scan of a stencilled typescript and has not been corrected. Expect misread words; titles in particular are often garbled where the issue printed no contents list. Quote from the scan, not from this page.
How this article was cut and titled: capitals heading; heuristic; title from the OCR of the heading.
← Move to Form Labour Businessmen's Discussion GroupBarbara Castle in Favour of "open" Liner Train Termlnals →