§ Mr. DewarTo ask the Chancellor of the Exchequer what is his estimate of the cost of mortgage interest tax relief in 1993–94 and the number of borrowers who will benefit from it.
§ Mr. DorrellThe cost of mortgage interest tax relief is provisionally estimated to be £4.3 billion in 1993–94 based on the conventional assumption that interest rates remain at their current levels.
The estimated number of single people or married couples benefiting from mortgage interest relief in 1993–94 is 9.9 million.