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Post Office Savings (Interest)

Volume 415: debated on Thursday 8 November 1945

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asked the Chancellor of the Exchequer whether, in view of the reduction of the maximum rate of deposit interest from 1 per cent. to ½ per cent., he proposes any alteration in the rate of interest of 2½ per cent. which is allowed by the Post Office on sight deposits.

I cannot at present add anything to what I said about interest rates in my Budget speech.