§ Mr. Nicholas WintertonTo ask the Chancellor of the Exchequer what estimate he would make of the annual value to an employee with an average-sized mortgage on his home of a reduced-rate 5 per cent. loan from his employer compared to a similar employee borrowing a similar amount at commercial rates.
§ Mr. Maude[holding answer 15 February 1991]: The value for 1990–91 for a basic rate taxpayer is just over £2,000 after taking account of mortgage interest tax relief.