§ Mrs. BeckettTo ask the Chancellor of the Exchequer if he will update his answer to the hon. Member for Glasgow, Garscadden (Mr. Dewar) of 2 November 1993,Official Report, column 115, to take into account changes in the mortgage rate and further changes to the rate of relief announced in the autumn Budget, giving (a) numbers in receipt of MIRAS, (b) the average amount received and (c) the total cost (i) for 1994–95 and (ii) 1995–96, by income range as defined in the original question.
§ Mr. DorrellEstimates based on the conventional assumption that mortgage interest rates remain at their current levels are in the tables.
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Mortgage interest relief by range of total income1: Range of total income1 (lower limit) Number of single people or married couples benefiting from mortgage interest relief Average mortgage interest relief Cost of mortgage interest relief £ thousands £ £ million 1994–95 0 840 290 250
Range of total income1 (lower limit) Number of single people or married couples benefiting from mortgage interest relief Average mortgage interest relief Cost of mortgage interest relief 5,000 1,050 260 270 10,000 2,080 310 650 15,000 2,230 350 770 20,000 1,440 370 530 25,000 890 380 340 30,000 780 390 310 40,000 690 400 280 Total 10,000 340 3,400 1995–96 0 830 220 180 5,000 940 200 190 10,000 1,870 250 470 15,000 2,130 290 610 20,000 1,600 300 480 25,000 920 320 290 30,000 950 320 300 40,000 860 330 280 Total 10,100 280 2,800 1Total income of husband for married couples