HC Deb 07 July 1983 vol 45 c169W
18. Mr. Eastham

asked 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. Ridley

The 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.