HC Deb 04 December 1995 vol 268 c15W
Mr. Peter Bottomley

To ask the Chancellor of the Exchequer if he will estimate the tax expenditure of mortgage interest relief in each of the years since 1991–92. [3731]

Mr. Jack

The total cost of mortgage interest relief in the years 1991–92 to 1994–95 is given in table 5.1 of "Inland Revenue Statistics 1995", a copy of which is in the Library.

The estimated total cost of the relief in 1995–96 is about £2.8 billion. This is based on the assumption, by convention, of no change from the current average building society interest rate.