Mortgage Interest Relief (Hansard, 26 July 1990)

HC Deb 26 July 1990 vol 177 c545W 545W

§ Mr. Austin Mitchell
To ask the Chancellor of the Exchequer what is his estimate of(a) the annual cost to the Exchequer of mortgage interest relief at current interest rates and (b) the proportion of those paying national insurance contributions having a mortgage.

§ Mr. Maples
In 1990–91 the estimated cost of mortgage interest relief is about £8 billion. An estimated 48 per cent. of those paying national insurance contributions have a mortgage.