§ Mr. Colvin
asked the Chancellor of the Exchequer what is his estimate of the cost in a full tax year of raising the £25,000 limit on mortgage tax relief to £35,000 and £50,000, respectively.
§ Mr. Ridley
Information on which to base a firm estimate is not available, but disregarding any new borrowing that the raising of the limit might generate it seems unlikely that the revenue cost would exceed £100 million for an increase to £35,000, or £150 million for an increase to £50,000. The eventual cost, including the effect of any new borrowing, is likely to be higher.