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National Savings

Volume 496: debated on Tuesday 26 February 1952

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asked the Chancellor of the Exchequer if he will increase the rate of interest on National Savings to encourage further investment.

An increase in the rate of interest at the present time would not, in my opinion, add substantially to the volume of new small savings. But this is a matter which I keep under review from time to time in the light of prevailing conditions.