Mortgage Interest Payments

Part of Orders of the Day — Finance Bill – in the House of Commons at 6:45 pm on 15 July 1997.

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Photo of Mr Dale Campbell-Savours Mr Dale Campbell-Savours Labour, Workington 6:45, 15 July 1997

I have checked the statistics. The hon. Gentleman said that, when the Conservative Government introduced the measure in 1995, interest rates were going down. According to Library research paper 9784, interest rates were increasing at that time. How does that information fit with the hon. Gentleman's amendment?