§ Mr. Ian Stewartasked the Chancellor of the Exchequer whether he will estimate the annual revenue cost of extending income tax relief to payments of interest on all classes of borrowing by individuals, executors and trustees, subject to an exclusion of the first £35.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 26 March 1979; 611W Vol. 965, c. 50], gave the following answer:
I regret that without the expenditure of undue time and resources it is not possible to make an estimate but when the similar relief was withdrawn in 1974, it was estimated that the change would yield £100 million.