§ Mr. DewarTo ask the Secretary of State for Social Security what savings have resulted in each of the last three years from the introduction of a period of reduced mortgage interest payments.
928W
§ Mr. Roger EvansThe information requested is set out in the table. Savings are estimated to be the annual cost of paying half mortgage interest payments, based on average weekly expenditure from the May 1991, May 1992 and May 1993 annual statistical inquiry.
Year Estimated annual savings from reduced mortgage interest payments £ million 1991 135 1992 100 1993 65