HC Deb 04 April 1989 vol 150 c2W
Mr. Redmond

To ask the Chancellor of the Exchequer why he reduced the percentage calculation of prize money for premium bonds from 7¾ per cent. to 7 per cent.; and if there is any current review of the scheme.

Mr. Lilley

The premium bond prize fund rate, like national savings other variable rates, is kept under continuous review and adjusted from time to time in the light of a number of factors.

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