§ Mr. Varleyasked the Chancellor of the Exchequer what is the present estimated tax relief per week to a married man with two children aged between five years and 11 years who has a £3,000 mortgage on a 20-year repayment basis and whose annual income is £3,000, assuming he has no other specially permitted Income Tax allowances.
§ Mr. MacDermotOn the assumptions that the total income of £3,000 is all earned and that the rate of interest on the mortgage is 6¾ per cent., the relief will be anything between very little and about 25s. a week, depending on the age of the mortgage.