§ Mr. SalmondTo ask the Chancellor of the Exchequer how much tax relief goes on mortgage tax relief(a) at basic rate and (b) in excess of the basic rate in 1990–91 and 1991–92.
§ Mr. Maude[holding answer 11 December 1991]: The latest estimates are in the table. The estimate for 1991–92 is based on the standard assumption that interest rates remain at their current levels for the rest of 1991–92.
Cost of mortgage interest relief (£ billion) 1990–91 1991–92 At the basic rate 7.2 6.1 In excess of the basic rate 0.5 — Total 7.7 6.1
Mortgage Interest Relief 1988–89 1989–90 1990–911 1991–9212 Region Number of mortgagors (thousands) Cost (£ million) Number of mortgagors (thousands) Cost (£ million) Number of mortgagors (thousands) Cost (£ million) Number of mortgagors (thousands) Cost (£ million) Northern 520 250 540 310 550 350 550 310 Yorkshire 770 370 780 450 780 510 790 450 North West 1,110 530 1,140 680 1,140 770 1,160 640 East Midlands 660 340 670 420 680 480 680 410 West Midlands 860 430 870 540 880 620 890 510 East Anglia 350 220 360 260 370 300 370 250 Greater London 1,010 780 1,020 970 1,030 1,100 1,040 710 Other South East 1,930 1,350 1,970 1,730 1,990 1,940 2,030 1,510 South West 840 520 850 650 860 730 870 570 Wales 390 180 400 240 410 270 410 230 Scotland 640 370 660 460 670 530 670 420 Northern Ireland 120 60 140 90 140 100 140 90 United Kingdom 9,200 5,400 9,400 6,800 9,500 7,700 9,600 6,100