§ 93. Mr. Millanasked the Chancellor of the Exchequer by how much the yield of Income Tax and Surtax would be increased if no relief were given to owner-occupiers for mortgage interest paid.
§ Mr. BarberIt is estimated that if owner-occupiers paying mortgage interest during the year 1961–62 had not been able to obtain any form of tax relief for that interest the extra tax payable would have been of the order of £80 million.