§ Mr. Hendry
To ask the Chancellor of the Exchequer if he will estimate the revenue forgone to income tax if MIRAS were available at a basic rate of 20 per cent. instead of the present 25 per cent., and the consequent saving.571W
§ Mr. Dorrell
The cost of mortgage interest tax relief in 1992–93 is provisionally estimated to be £5.3 billion. If relief were available at 20 per cent. the cost would be about £4.2 billion, a reduction of £1.1 billion.