§ Mr. Edward Lyonsasked the Chancellor of the Exchequer whether, in order to stimulate savings and encourage the National Savings Movement, he will introduce legislation to raise above £600 the level of deposit in the Post Office and Trustee Savings Banks upon which the interest shall be free of tax.
§ Mr. Harold LeverI am afraid not.
§ Mr. Edward Lyonsasked the Chancellor of the Exchequer whether, in order to stimulate savings and encourage the 83W National Savings Movement, he will take steps to increase the interest rate applicable to Post Office and Trustee Savings Banks deposits above the present level of 2½ per cent.
§ Mr. Harold LeverNo; but other possibilities for increasing savings are being examined.