HC Deb 03 July 1958 vol 590 cc127-8W
Mr. G. M. Thomson

asked the Chancellor of the Exchequer what steps he has taken to ensure that banks in areas of high local unemployment have informed their customers of the relaxation he has recommended in credit restrictions.

January, 1958 February, 1958 March, 1958 April, 1958
£ £ £ £
Pool betting duty receipts
At 30 per cent. on football and similar pools 3,076,782 2,314,970 2,463,823 2,515,114
At 10 per cent. on greyhound totalisators 439,540 369,979 394,432 511,847
Bookmakers' licence duty 128,316 103,904 120,831 143,005
TOTALS 3,644,638 2,788,853 2,979,086 3,169,966

Mr. Simon

In his Budget Speech on 15th April, my right hon. Friend said: "I am confirming to the Capital Issues Committee and to the banks that the Government would not wish any projects for sound development in areas where unemployment is substantially above the average to be held back by lack of credit or finance". This statement received considerable publicity at the time and subsequently, and I do not think that further action by the Government is required to bring it to the notice of bank customers.