Relief for Interest

Part of Orders of the Day — Finance Bill – in the House of Commons at 3:42 pm on 11 May 1983.

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Photo of David Winnick David Winnick , Walsall North 3:42, 11 May 1983

The hon. Gentleman has been critical of some of my remarks. Obviously he puts the Tory point of view. Unlike some of his hon. Friends, he has great experience in the building industry. Does he not agree that the building and construction industry has suffered badly in the last four years? That is why the group of eight, with which he is familiar, has been so critical of various aspects of the Government's housing and construction policy. The hon. Gentleman has said that he would like to see the limit for tax relief on mortgage interest raised to £35,000. How does he justify the increase in council rents, by which quite a few of his constituents have been adversely affected, which is more than double the increase in the same period in the retail price index?