Vol. 397 No. 1
79 Mr. Durkan asked the Minister for Finance the total cost to the Exchequer of mortgage interest relief for each year in the past ten years; the projected cost to the Exchequer of a 10 per cent reduction in income tax based on the current year's estimate; and if he will make a statement on the matter.
Following is the information requested:
Mortgage Interest Relief
|
Year |
Estimated Cost to the Exchequer £ million |
|
1980-81 |
24.0 |
|
1981-82 |
37.0 |
|
1982-83 |
55.0 |
|
1983-84 |
80.0 |
|
1984-85 |
117.0 |
|
1985-86 |
146.2 |
|
1986-87 |
152.0 |
|
1987-88 |
151.6 |
|
1988-89 |
154.4 |
|
1989-90 |
171.4 |
