§ Sir Geoffrey Finsbergasked the Chancellor of the Exchequer what would be the cost if a £70 tax-free band were given to all depositors who held interest-bearing accounts in banks.
§ Mr. MooreThe cost in a full year would be some £80 million, assuming one tax-free band per person and existing levels of bank deposits. But the cost could be much greater if savers changed their pattern of deposits.