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Mr. Jay
asked the Chancellor of the Exchequer what is the annual cost to the revenue of tax relief for personal bank loan interest other than on house-purchase loans.
Mr. Nott,
pursuant to his reply [OFFICIAL REPORT, 6th February 1974; [Vol. 868. c. 351], gave the following information:The information required to answer this Question precisely is not available. The estimated figure for 1973–74 is about £40 million but this estimate is subject to a considerable margin of error.