§ Mr. Raynsfordasked the Chancellor of the Exchequer (1) how many mortgagors there are at present in each rate band of income tax; and how many there would be in the current year in each rate band of income tax if tax relief on owner-occupier's mortgage interest and interest or other loans for house purchase and improvement were withdrawn;
(2) what would be the increase in revenue at outturn prices which would accrue in the current year if tax relief on owner-occupiers' mortgage interest and interest on other loans for house purchase and improvement were withdrawn; and how much of this calculated revenue would be raised from those who would then be paying tax at the higher rates.
§ Mr. Norman LamontI shall let the hon. Member have a reply as soon as possible.