§ 10. Mr. Freudasked the Chancellor of the Exchequer what circumstances would persuade him to narrow the gap between minimum lending rate and the 7 per cent. interest currently paid into the premium bonds prize fund.
§ Mr. Peter ReesNew, more attractive terms of the prize fund have only just been announced.
§ Mr. FreudWill the Minister at least spend a comparable sum on advertising index-linked retirement certificates— which currently yield 20 per cent.—to 690 that which he spends on advertising premium bonds, which yield 7 per cent.?
§ Mr. ReesWe shall certainly take account of the hon. Gentleman's remarks and see whether we can boost the sales of other forms of saving certificates.