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Premium Bonds

Volume 983: debated on Thursday 24 April 1980

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10.

asked the Chancellor of the Exchequer what circumstances would persuade him to narrow the gap between minimum lending rate and the 7 per cent. interest currently paid into the premium bonds prize fund.

New, more attractive terms of the prize fund have only just been announced.

Will the Minister at least spend a comparable sum on advertising index-linked retirement certificates— which currently yield 20 per cent.—to that which he spends on advertising premium bonds, which yield 7 per cent.?

We shall certainly take account of the hon. Gentleman's remarks and see whether we can boost the sales of other forms of saving certificates.