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 Sir Albert Costain Sir Albert Costain , Folkestone and Hythe 3:42, 11 May 1983

The answer is perfectly simple. When the £60 million is related to reality we are talking about £120 a house. If we can release £120 in taxation somebody will buy a house that is worth £35,000 and in that way we are creating more employment.