§ Mr. Spriggs
asked the Chancellor of the Exchequer whether he has considered the provision of real incentives for the development of savings groups; and if he will make a statement.
§ Mr. Joel Barnett,
pursuant to the reply [Official Report, 9th April 1976; Vol. 909, c. 327], gave the following information:
The greatest incentive which the Government can provide for savers generally is the continuing success of their counter-inflationary strategy. The current range and terms of national savings securities are competitive. They offer a clear incentive, particularly to small savers including those in savings groups.