HC Deb 01 April 1971 vol 814 cc430-1W
48. Mr. Meacher

asked the Chancellor of the Exchequer what he estimates to be the annual loss of revenue which would result from reintroducing tax relief for interest on loans; and, on the basis of pre-1965 experience, how it is estimated that this relief would be distributed between those earning, respectively, under £3,000, at least £3,000 but under £10,000, and over £10,000.

Mr. Patrick Jerkin

To the first part of the Question, approximately £30 million. I have no information on which to base the estimates asked for in the second part of the Question.