HC Deb 02 July 1979 vol 969 c464W
Mr. Denzil Davies

asked the Chancellor of the Exchequer what is the cost in lost revenue of allowing (a) mortgage interest and (b) life assurance and pension contributions to be charged against income.

Mr. Peter Rees

, pursuant to his reply [Official Report, 21 June 1979], gave the following answer:

Estimates for a full year at 1979–80 income levels and taking into account the Budget proposals are as follows:

£ millions
Mortgage interest 1,400
Life assurance (premium relief by deduction 415
Pension contributions 800