§ Mr. Fieldasked the Chancellor of the Exchequer if he will update the information given on tax relief, bank loan interest, to the hon. Member for Rossendale (Mr. Trippier) Official Report, 26 October 1975, column 167.
§ Mr. Peter Reesasked Precise information about the total tax relief or the relief by 443W range of total income in respect of bank interest for house purchase is not available but the estimated amounts are as follows:
£ million 1975–76 60 1976–77 75 1977–78 55 1978–79 60 1979–80 80 Assuming for illustrative purposes that the distribution of this relief by income range follows the same pattern as that for building society payments, the estimate for 1979–80 would be distributed as follows:
Range of total income Relief £ £ million Under 2,500 negligible 2,500–5,000 10 5,000–10,000 40 10,000–20,000 20 Over 20,000 10 80