§ Mr. Austin MitchellTo ask the Chancellor of the Exchequer whether he will publish in theOfficial Report a table showing by range of income and tax status an estimate of the saving to the Exchequer in a full year by setting off investment income against mortgage interest qualifying for relief under the mortgage interest relief at source scheme.
§ Mr. Norman LamontThe extent of any saving would depend upon the precise rules proposed for offsetting investment income against payments of mortgage interest and, in particular, on the way in which this restriction would impinge on the system of mortgage interest relief at source (MIRAS).