Guaranteed Income Bonds

HC Deb 14 November 1974 vol 881 cc213-4W

40. Mr. Stanbrook

asked the Secretary of State for Trade if he will take steps to safeguard the security of guaranteed income bonds.

Mr. Clinton Davis

Guaranteed income bonds are one of the types of insurance

Mr. O'Malley

, pursuant to his reply [OFFICIAL REPORT, 8th November 1974; Vol. 880, c. 274], circulated the following information:

There is no generally accepted definition of the poverty trap. The table below gives estimated figures of the number of families most affected in theory by high potential marginal tax rates, although as explained in note (v) their incidence in practice is likely to be significantly less.

for consideration within the context of the legislation announced in the Queen's Speech.