HC Deb 29 November 1993 vol 233 cc334-5W
Mr. Wigley

To ask the Chancellor of the Exchequer what was the estimated total value of mortgage income tax relief for the United Kingdom, and for each standard region, for the latest available financial year.

Mr. Dorrell

Estimates for 1993–94 based on a projection of the 1992 family expenditure survey are given in the table.

Cost of Mortgage Interest Relief
Region £ million
North 190
Yorkshire/Humberside 350
North West 450
East Midlands 350
West Midlands 390
East Anglia 170
Greater London 500
South East 1,000
South West 380
England 3,780
Wales 180
Scotland 280
Northern Ireland 60
United Kingdom 4,300
The figures are based on current interest rates as it is not yet known what reductions mortgage lenders will make following the recent reduction in the base rate.

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