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 9:30 pm on 15th July 1997.

Alert me about debates like this

Photo of Damian Green Damian Green Conservative, Ashford 9:30 pm, 15th July 1997

If the hon. Gentleman had been listening when my colleagues and I made our speeches, he would know that there is a difference between cutting mortgage interest tax relief at a time of rapidly falling interest rates and cutting that relief when interest rates are rising rapidly. That makes the real difference for home owners, and that is why the measure is so damaging to home owners and to home ownership.