§ Mr. Radiceasked the Chancellor of the Exchequer whether he will improve the terms offered on certificates of tax deposit.
§ Mr. Denzil DaviesCertificates of tax deposit provide an attractive investment opportunity for companies and private individuals needing to make provision for future tax payments. The interest rate is regularly reviewed, and in order to take account of recent market developments it will be increased to 10 per cent. for certificates purchased on or after Monday 29th May; at the same time the rate will be increased from 6.1/4 per cent. to 8 per cent. on any such certificates as are surrendered for cash.