§ Mr. Freudasked the Chancellor of the Exchequer what estimate he has made of the expected effect on existing Government stocks when the Government introduce bonds with inflation-proofed dividends.
§ Mr. DellI assume that the hon. Member has in mind the experimental index-linked savings certificate which I announced on 6th August. These are to be made available to persons of national retirement age only. The limited market and limit of £500 on holdings should minimise any effect on Government stocks.