§ 18. Mr. SkinnerTo ask the Chancellor of the Exchequer what is the effect on a married man with a wife who is not working and two children who has a £37,500 mortgage and earns £15,000 a year if(a) mortgage rates are cut by 2 per cent. and (b) if 2p is cut off the standard rate of tax.
§ Mr. RyderThe estimated effects of these changes would be(a) a reduction in annual mortgage interest payments, net of basic rate tax relief, of £600 and (b) a reduction in income tax of £212.50.