§ Mr. Proctorasked the Chancellor of the Exchequer what is his policy on the implementation of a future computerised system of purchase by personal credit, which could lead to the eventual withdrawal from circulation of all notes and coinage.
§ Mr. LawsonThere are certain advantages to be gained by developments in the computerisation of payment systems such as a reduction in the use of notes and coins. Given that this is a complex subject, the full implications of any particular scheme will need to be considered as more detailed proposals emerge.