§ 18. Mr. Easthamasked the Chancellor of the Exchequer what will be the change in tax revenue arising from the recent mortgage interest rate increase, if the newly announced rate continues until the end of this financial year.
§ Mr. RidleyThe rise in mortgage interest rates will increase the cost of tax relief for mortgage interest, but there will be a corresponding increase in the tax yield from interest paid to investors. These two effects should broadly balance each other.