§ Mr. ViggersTo ask the Chancellor of the Exchequer what assessment he has made of the increase or decrease in turnover in sub-post office business following the latest increase in the minimum amounts for deposits into the national savings investment account and the ordinary account, and for the purchase of premium bonds by parents and other for children aged under 16.
§ Mr. Nelson[holding answer 11 January 1993]: The work carried out by Post Office Counters Ltd.—(POCL)—in respect of all national savings products represents less than 5 per cent. of POCL's total business. The Department for National Savings expects to save about £4 million in agency charges in a full year from the planned changes. This represents less than 0.5 per cent. of total POCL turnover of £1 billion.