§ Sir C. Osborneasked the Chancellor of the Exchequer why he refused to act on the advice of Sir Miles Thomas, head of the National Savings movement, and introduce a new savings scheme linked to the cost-of-living index; and if he will reconsider his decision.
§ Mr. Roy JenkinsI would refer the hon. Member to what I said in my Budget Statement on this subject.—[Vol. 761, c. 271.]
§ Sir C. Osborneasked the Chancellor of the Exchequer, in view of the fact that National Savings increased by less than 2 per cent. between April, 1965, and April, 1968, and that the real value of money declined by 11 per cent. in the same period, what new steps he is taking to sustain National Savings.
§ Mr. Roy JenkinsI am always looking for new ways of increasing the level of National Savings, and I am confident, that the National Savings measures announced in the Budget will prove effective. It was encouraging that in 1967, National Savings increased by £131 million.