HC Deb 06 May 1969 vol 783 cc53-4W
34. Mr. Clegg

asked the Minister of Housing and Local Government what is the estimated increase in the number of option mortgages as a result of tax changes in the Budget.

Mr. MacColl

Tax changes in the Budget will take 1,100,000 people out of tax altogether and significantly reduce the tax liability of another 600,000. Many of these, if they become owner-occupiers, can benefit from the option mortgage scheme but I cannot give a precise number.