§ 78. Mr. William Hamilton
asked the Chancellor of the Exchequer if he will initiate an inquiry into the perquisites, such as 2½ per cent, mortgages, given to Bank of England employees and similar perquisites of office in both nationalised industries and the private sector.
§ Mr. Denzil Davies
No. The terms and conditions of service of staff, whether in the private or public sector, are for negotiation between their representatives and employers. I would, of course, expect any enhancement to be in line with whatever pay policy may apply at the time.