§ Mr. ClayTo ask the Chancellor of the Exchequer how much a tax unit on the 40 per cent. tax rate would currently receive in mortgage interest tax relief on a mortgage of £30,000.
§ Mr. Norman Lamont[holding answer 19 December 1988]: In 1988–89, if current mortgage interest rates remain unchanged, a higher rate taxpayer with a typical £30,000 mortgage would receive mortgage interest tax relief of £1,390.