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Mr. Austin Mitchell
To ask the Chancellor of the Exchequer if he will make it his policy to prohibit the payment of mortgage subsidies by banks and other lenders to their employees; and what is his estimate of the gross value of such subsidies.
Mr. Maude
No. I have no firm data on the gross value of these particular subsidies, although the total net taxable value of beneficial loans made by all employers is estimated to be about £180 million in 1991–92.