asked the Chancellor of the Exchequer what measures or incentives have been recently introduced by his Department to provide inflation-proof savings scheme for the ordinary citizen; and if he will make a statement.

The Department for National Savings recently launched two index-linked savings schemes. The first, an indexed National Savings Certificate, has been on sale since 2nd June to people of national retirement pension age. The second, a new issue of SAYE, has been available from 1st July to savers aged 16 or over.