§ Mr. Kenneth Bakerasked the Chancellor of the Exchequer what was the cost to the revenue in each of the last five years of allowing interest on borrowing, other than mortgages, to be offset against taxable income; how many taxpayers benefited; and what was the average interest claimed by each taxpayer.
§ Mr. Harold LeverIn the case of non-traders about £20 million in 1964–65 and about £25 million in each of the next four
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13th October, 1964 to 18th March, 1969 19th July, 1966 to 18th March, 1969 14th November, 1967 to 18th March, 1969 23rd April, 1968 to 18th March, 1969 Nationalised industries … 25.8 14.1 6.7 4.6 Food … … … … 19.8 11.4 9.5 4.8 Housing … … … 24.5 10.9 4.7 2.4 Fuel and light … … 26.3 15.7 6.5 3.9 Durable household goods … 13.1 8.6 6.5 3.0 Clothing and footwear … 10.3 5.6 3.9 3.0 Transport and vehicles … 19.9 11.8 7.8 2.8 Miscellaneous goods … … 23.7 15.8 13.4 4.9 Services … … … 30.3 16.8 10.0 7.9 All items … … … 20.8 11.7 8.2 4.4 Notes: 1. The items included under the heading "nationalised industries" are: Coal; Coke; Gas; Electricity; Road and rail passenger transport; Postal and telephone services. 2. These items are also included in other groups as follows: Coal, coke, gas and electricity in Fuel and light; Road and rail passenger transport in Transport and vehicles; Postal and telephone services in Services. years. The numbers of cases, and therefore the average amounts, are not available.