§ Mr. Stephen Rossasked the Chancellor of the Exchequer if he will estimate the effect the change in the method of deducting tax relief on house purchase mortgages will have on the retail prices index for April and beyond.
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§ Mr. GummerI have been asked to reply.
The change in April affects the method by which tax relief is administered but not the level of relief itself, so that the rate of mortgage interest net of tax relief, which is the item included in the retail prices index, is not affected.