§ Mr. Peter BottomleyTo ask the Chancellor of the Exchequer if he will estimate the value of mortgage interest relief at the standard rate(a) currently and (b) at the time in the last five years at which interest rates were at their peak level.
§ Mr. DorrellThe cost of mortgage interest relief at the basic rate is about £5.2 billion for 1992–93 compared with £7.2 billion for the basic rate component of the relief in 1990–91.