HC Deb 03 December 1973 vol 865 c275W
Mr. Norman Lamont

asked the Chancellor of the Exchequer whether any part of the latest call for special deposits from the clearing banks will receive nil interest.

Mr. Nott

All special deposits will be treated in the same way under stage 3 of the Government's counter-inflation policy. Interest will be withheld from a proportion related to the banks' current account business.

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