Mortgage Tax Relief in United Kingdom

Mortgage Tax Relief in the History

This limits the amount of tax on the interest of a mortgage a homeowner has to pay. Malcolm Pryce is keen to see this scrapped but it does not make the party manifesto due to worries that it will make the party unelectable with home owners for whom the relief is most helpful. Ultimately scrapping it would mean a raise in taxes. Labour needs to do this to generate income in order to fund other expensive policies.