HC Deb 09 July 1956 vol 556 c9W
Captain Kerby

asked the Chancellor of the Exchequer, in view of the fact that the purchasing power of the £ over the past 10 years has decreased at an average annual rate exceeding the average rate of interest accrued on a holding of National Savings certificates purchased in 1946 and held since that date, if, against this background, he will make a statement on Government policy in relation to the future of the National Savings movement.

Mr. H. Macmillan

The terms of National Savings securities are fixed from time to time in such a way as to provide the small saver with an attractive investment, as compared with other investments currently available. A vigorous Savings movement is itself a most valuable protection against inflation. That is why I have recently proposed, as part of my first Budget, measures to make savings more attractive.