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 9:15 pm on 15th July 1997.

Alert me about debates like this

Photo of Tim Loughton Tim Loughton Conservative, East Worthing and Shoreham 9:15 pm, 15th July 1997

If the hon. Gentleman believes that the reduction in MIRAS will end the boom-bust syndrome in the property market, why have the Government not abolished it? Why have they introduced other measures in the Budget, especially that to remove ACT from equities—which has direct consequences for property investment by pension funds, among others—that will cause a marked return to a boom, which will inevitably be followed by bust in the not-too-distant future?