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Mr. Penhaligon
asked the Chancellor of the Exchequer if he will list in the Official Report the amount of revenue lost for each year since 1967 from granting (a) mortgage income relief and (b) concessions on life insurance premiums.
Mr. Robert Sheldon
The information for complete financial years since 1967–68 is as follows:
£ million | ||
Mortgage interest | Life insurance | |
1967–68 | 180 | 75 |
1968–69 | 195 | 85 |
1969–70 | 235 | 100 |
1970–71 | 300 | 110 |
1971–72 | 340 | 120 |
1972–73 | 390 | 130 |
1973–74 | 500 | 140 |