HC Deb 26 October 1976 vol 918 c199W
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.