HC Deb 18 April 1994 vol 241 c366W
Mr. Gunnell

To ask the Chancellor of the Exchequer what was the bank rate in April 1988; what annual income was received from savings of £250; and what are the equivalent figures for April 1994.

Mr. Nelson

In April 1988, the base rate was 8 per cent. It now stands at 5¼ per cent. The annual income from savings depends on the financial product in which the savings are invested.