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Mr. Tony Banks
To ask the Chancellor of the Exchequer, pursuant to his answer of 28 April, Official Report, column 405, if he will give details of the 12 changes made to the premium bond prize fund rate.
Mr. Nelson
[holding answer 5 May 1993]: The details are as follows:
| Prize fund rate changes | |
| Per cent. | |
| 1 August I960 | 4·500 |
| 1 September 1968 | 4·625 |
| 1 August 1971 | 4·750 |
| 1 July 1973 | 4·875 |
| 1 July 1974 | 5·500 |
| 1 November 1976 | 5·625 |
| 1 January 1979 | 5·750 |
| 1 July 1980 | 7·000 |
| 1 November 1984 | 7·750 |
| 1 August 1987 | 7·000 |
| 1 July 1988 | 6·500 |
| 1 March 1993 | 5·000 |