HC Deb 25 October 1990 vol 178 c296W
35. Mr. Watts

To ask the Chancellor of the Exchequer whether he has any further plans to encourage savings.

Mr. Maples

Tax-exempt special savings accounts (TESSAs) will be introduced on 1 January 1991. Composite rate tax will be abolished in April 1991. The Government's objective is to encourage the saving habit over the medium term.