§ Mr. Walter Johnsonasked the Chancellor of the Exchequer if he will meet the Secretary-General of the Building Societies Association and advise him on the desirability of reducing the mortgage interest rate.
§ Mr. Robert SheldonNo. My right hon. Friend has already made it clear that the Government are looking to building societies for a reduction in their interest rates. The Government will continue to maintain regular contact with representatives of the building society movement on this and other matters of common interest.
§ Mr. Joseph Deanasked the Chancellor of the Exchequer whether he will now make a statement on the question of giving tax relief on mortgage interest paid in respect of another property by a person provided with accommodation by reason of his employment.
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§ Mr. Robert SheldonI have considered very carefully whether a limited relaxation could be made in this area. Unfortunately, it has proved impossible to formulate an acceptable solution.