National Savings and Investments

HC Deb 22 January 2003 vol 398 c411W

Mr. Laws

To ask the Chancellor of the Exchequer what plans he has to privatise National Savings and Investments; and if he will make a statement. [91727]

Ruth Kelly

There are no plans to privatise National Savings and Investments.

Mr. Laws

To ask the Chancellor of the Exchequer what his estimate is of the reduction in the annual costs of government borrowing as a consequence of the existence of National Savings and Investments(a) in gross terms and (b) net of the administrative costs involved; and if he will make a statement. [91729]