§ Mr. Arthur Lewisasked the Chancellor of the Exchequer (1) whether, as a means of combating inflation and encouraging savings, he will introduce a system whereby interest which is left in the Post Office for the 12 months following payment is receivable on a tax-free basis up to a predetermined figure of gross savings or interest receipts;
(2) whether, as a means of combating inflation and encouraging savings, he will introduce a system whereby all National Savings can enjoy the interest payable on savings tax-free if such interest is left in the savings account for at least 12 months after payment, up to a predetermined figure of gross savings or interest receipts.
§ Mr. HigginsAs my right hon. Friend stated in his Budget speech, it is not proposed to make any further changes affecting National Savings at this time.