§ Mr. Craigenasked the Chancellor of the Exchequer what is his estimate of the fall in total income tax relief on mortgage interest for the year 1982–83 assuming a continuation of the 1½ per cent. reduction in building societies' rates throughout that period.
§ Mr. RidleyA reduction of one and a half percentage points in mortgage interest rates held throughout 1982–83 would lead to fall of about £240 million in the income tax relief.