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Mortgage Interest Payments

Part of Orders of the Day — Finance Bill – in the House of Commons at 8:30 pm on 15th July 1997.

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Photo of Mr Tim Collins Mr Tim Collins Conservative, Westmorland and Lonsdale 8:30 pm, 15th July 1997

I am grateful to the hon. Gentleman for allowing me to nail one of the most pernicious pieces of mythology passed around by the Labour party during the last Parliament. If he studies the 1992 Conservative manifesto, he will find that there is not one single reference in the document to any pledge concerning VAT. It is simply untrue that the previous Government breached any manifesto pledge on VAT. The Labour party manifesto made no mention of MIRAS, yet we are facing substantial changes in it.