asked the Chancellor of the Exchequer what would be the tax expenditure savings or cost in 1979–80 if the present system of mortgage interest tax relief were replaced by a fixed amount tax deduction equal in value to 5 per cent. of the purchase price of the taxpayer's house, and if this deduction could be claimed once in a lifetime only,
member State of the EEC in 1978–79 and 1979–80 were as follows:
for a maximum of eight years, and subject to an annual ceiling of £1,250.
I regret that information on which to base an estimate is not available.