§ Mr. BurnsTo ask the Chancellor of the Exchequer how much the Government pay banks and post offices for their involvement in the selling of premium bonds.
§ Mr. Lilley[holding answer 3 March 1989]: In 1987–88 banks, including Girobank, were paid a total of £2 million for their involvement in the selling of premium bonds. In addition, Post Office Counters Ltd. was paid a composite fee for servicing National Savings products. The premium bond element cannot be separately identified.