§ Mr. Wrigglesworthasked the Chancellor of the Exchequer what is the overall cost of tax relief on all mortgage loans and the average relief for each mortgage in each of the last 10 years.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 20th April 1978; Vol. 948, c. 347], gave the following reply:
The estimated amounts are as follows:
Year Cost £ million Average relief per mortgagor £ 1967–68 180 40 1968–69 195 41 1969–70 235 47 1970–71 285 55 1971–72 310 57 1972–73 365 66 1973–74 510 89 1974–75 695 120 1975–76 865 146 1976–77 1,050 175 1977–78 1,055 173