18. Mr. Edward M. Taylorasked the Chancellor of the Exchequer if he will take steps to extend to savings accounts in the joint stock banks the exemption 809 from Income Tax for the first £15 of interest which is available to those with savings accounts in trustee savings banks.
§ Mr. DiamondNo, Sir.
Mr. TaylorWill the right hon. Gentleman accept that, while the trustee savings banks have special arrangements with the Treasury regarding disposal of their funds, to an individual saver this just does not make sense? Is there any way by which he could get round it, and will he provide fair and equal treatment for all savers?
§ Mr. DiamondThe present arrangement is to provide fair and equal treatment. On like accounts similar treatment is already provided.