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Mortgage Interest Payments

Part of Orders of the Day — Finance Bill – in the House of Commons at 9:30 pm on 15th July 1997.

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Photo of Steve Webb Steve Webb Shadow Spokesperson (Work and Pensions) 9:30 pm, 15th July 1997

We have heard some striking contradictions in the speeches of Opposition Members on the amendment. They were exemplified by the hon. Member for Ashford (Mr. Green), who regarded the cut in mortgage interest tax relief from 15 to 10 per cent. as an assault on home ownership. He apparently had no problems with the cut from 25 to 20 per cent. or from 20 to 15 per cent. that the Conservative party implemented a few years ago. Perhaps he would like to take this opportunity to dissociate himself from the actions of the previous Government.