§ 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.