§ Mr. Austin Mitchell
asked the Chancellor of the Exchequer, further to his reply dated 18 December 1979 on the amount of mortgage interest qualifying for tax relief, if he will publish in the Official Report a table showing for each income band the estimated cost to the Exchequer of giving the relief.
§ Mr. Peter Rees
The information is as follows:
Range of total income in 1979–80 Estimated cost of mortgage interest relief £ £ million Under 2,000 Negligible 2,000–10,000 945 10,000–12,000 160 12,000–16,000 155 16,000–20,000 70 Over 20,000 120 Total 1,450
These estimates are subject to the same qualifications and impressions as those I gave to the hon. Member on 18 December 1979.—[Vol. 976, c. 133–4.]