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3½ Per Cent War Loan

Volume 649: debated on Tuesday 21 November 1961

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asked the Chancellor of the Exchequer whether, in view of the fact that the cuts accepted by Government and local government employees at the time of the national emergency in 1931 were restored when the financial crisis ended, he will raise the interest on 3½ per cent. War Loan to 5 per cent. in order that everyone who made sacrifices can be equally treated.