Parliamentary Questions - Written Replies

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MORTGAGE PAYMENTS: Home owners with mortgages of pounds 30,000 will be pounds 115.50 a year worse off, on average, as a result of the reduction in mortgage interest relief in the Budget, Stephen Dorrell, the Treasury minister, said in a written reply to Harriet Harman, a Labour Treasury spokesman. But he said they would be pounds 1,920 a year better off after cuts in interest rates since 1990.

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