§ Ms HarmanTo ask the Chancellor of the Exchequer what the total number of recipients of mortgage interest tax relief is expected to be in 1993–94, 1994–95 and 1995–96; and if he will make a statement of the effects on them of the reductions in the rate of relief announced in the March and November 1993 Budgets.
§ Mr. Dorrell[holding answer 26 January 1994]: Working assumptions based on recent trends are shown in the table. Also shown as the average reduction in the relief as well as the saving on an average mortgage as a result of interest rate reductions since October 1990.
1993–94 1994–95 1995–96 Numbers of single people and married couples with mortgages (millions) 9.9 10.0 10.1 Average reduction in mortgage interest relief (£ per month) — 7.16 14.89 Benefit on an average mortgage from interest reduction since October 1990 (£ per month) 160 160 160