§ Mr. JackTo ask the Chancellor of the Exchequer (1) if he will make a statement on the implications of a negative public sector borrowing requirement for the role of the national savings movement;
(2) if he will make a statement on the current role and objectives of the national savings movement.
§ Mr. Lilley[holding answer 3 March 1988]: There is no longer a voluntary national savings movement. The work is undertaken by the Department for National Savings. The Department's tasks are to contribute towards both the funding of Government borrowing and the refinancing of maturing stock through sales of a range of products to personal investors, and to continue to offer customers who have invested in national savings the best possible service within the resources available.