§ Dr. McDonaldasked the Chancellor of the Exchequer if he will publish a table showing the cost of mortgage interest tax relief in each year since 1963–64 at constant prices.
§ Mr. Moore[pursuant to his reply, 15 December 1983]: The information is given in the following table below. The figures for years up to 1968–69 include the cost of relief for qualifying interest paid on the bank loans, which cannot be distinguished from mortgage loans in information available centrally.
Estimated cost of mortgage interest relief £ million at 1963–64 prices* 1963–64 90 1964–65 106 1965–66 124 1966–67 137 1967–68 156 1968–69 160 1969–70 183 1970–71 207 1971–72 206 1972–73 227 1973–74 287 1974–75 331 1975–76 343 1976–77 362 1977–78 303 1978–79 298 1979–80 337 1980–81 391 1981–82 363 1982–83 †360 1983–84 ‡438 * This column has been expressed in 1963–64 prices using the retail prices index. † Provisional. ‡ Excludes the estimated public expenditure element of mortgage interest relief at source voted on Class XIII Vote 7.