Houses to Cost Five Per Cent, More

The scan: The Week v9 no5.pdf (PDF, Marxists Internet Archive, opens at this page)

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from a special correspondent The annual report of the National Federation of Building Trade Employers which was issued on January 3lst reports that housing costs are likely to jump 5% during the course of this year, It says that "an upward ~pressure on construction costs which builders will be unable to absorb, of an order of five per cent, or more is clearly possible during 1968, -eeincreases in the price of imported timber following devaluation indicate that £20 or more may have to be added to the cost of a small house...." The report goes on to list other costs which will rise quite independent of whether wages go up or not. Once again, the Government emerges as the main culprit in the process of inflation, Yet they will have the nerve to try to stop increases to compensate for hipher rents!