Premium Bonds

Mr. Bob Dunn
asked the Chancellor of the Exchequer how many individual complaints he has received following the change in value of prizes offered to premium bond holders.

Mr. Lawson
So far 706 letters and telephone calls have been received objecting to the two changes announced this year in the premium savings bond prize structure. Only a small number of these are objections to the new prize structure to operate from January 1980; the majority refer to the temporary prize structure to apply to the September to December 1979 prize draws. There are 25.6 million premium savings bond holders.