§ Mr. Barnettasked the Chancellor of the Exchequer what estimate he has made of the increase in revenue in 1969–70 and in a full year of disallowing for tax purposes all loan interest exempted from the provisions of his Budget proposals.
§ Mr. TaverneAbout £15 million—on the footing that annual interest on old loans would still be given tax relief for 1969–70—and £240 million respectively, if interest charges paid by companies continued to get relief from corporation tax.
§ Mr. Barnettasked the Chancellor of the Exchequer what estimate he has made of the increase in revenue in 1969–70 and 137W in a full-year of disallowing for tax purposes loan interest on land and buildings other than one owner-occupied house up to a maximum of £20,000.
§ Mr. TaverneThe information on which to base an estimate is not available, since it is not possible to estimate the amount of interest which applies to houses in particular price ranges.