§ Dr. McDonaldasked the Chancellor of the Exchequer if he will update to take account of the new mortgage interest rate the information given in his reply of 7 May 1980, Official Report, c. 139–40.
§ Mr. Peter Rees[pursant to his reply, 15 January 1981]: The estimate of the saving for 1980–81 if mortgage interest payments were not allowed against tax but were reduced by 17.5 per cent., the same rate as life insurance premiums, and the reduction were refunded to the mortgagors, remains about £900 million.