§ Mr. WellsTo ask the Chancellor of the Exchequer what is the amount of tax revenue forgone because of the payment of mortgage interest relief at the higher rate of income tax in the financial years 1988–89 and 1989–90.
§ Mr. LilleyThe cost of mortgage relief at excess over the basic rate of income tax is provisionally estimated at £310 million in 1988–89 and £430 million in 1989–90.