§ Mr. Bottomleyasked the Chancellor of the Exchequer what are the reasons of public policy for Her Majesty's Government maintaining the eligibility of mortgage interest payment for tax relief; and why there is a limit to the relief available.
§ Mr. MooreWe regard mortgage interest relief as a valuable measure to encourage home ownership. But we see no need to give unlimited relief without regard to the size of the loan, and abolishing the limit would increase the cost of the relief.