§ Mr. AllenTo ask the Chancellor of the Exchequer what was the total loss of revenue to the Treasury arising from mortgage tax relief in each of the last nine years.
§ Mr. Norman LamontThe estimated costs of mortgage interest tax relief in the United Kingdom are shown in the table. Figures for 1983–84 onwards include the cost of relief given to non-taxpayers.
Cost of mortgage tax relief £ million 1980–81 1,960 1981–82 2,050 1982–83 2,150 1983–84 2,780 1984–85 3,580 1985–86 4,750 1986–87 4,670 1987–88 14,800 1988–89 15,250 1 Provisional.