We need your support to keep TheyWorkForYou running and make sure people across the UK can continue to hold their elected representatives to account.

Donate to our crowdfunder

Mortgage Interest Payments

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

Alert me about debates like this

Photo of Dawn Primarolo Dawn Primarolo The Financial Secretary to the Treasury 8:30 pm, 15th July 1997

I have been listening carefully to the hon. Gentleman. Will he explain why the Chancellor of the Exchequer in 1993, Norman Lamont, gave two reasons for his reduction in MIRAS—first, that the Government needed the revenue and, secondly, that the reduction helped to spread the pain?