Borrowing in 1943–44

Part of Financial Statement – in the House of Commons on 25th April 1944.

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I am also glad to say that the proportion we have been able to borrow in the form of small savings rose from 21 per cent. in 1942–43 to 25 per cent. last year. That is a result of which all concerned with the National Savings Movement have good reason to be proud, and I am sure I speak for all Members in saying that we are very grateful for all the efforts of the large army of voluntary workers in the Movement, and I hope that past achievement may be a spur to still greater efforts and further success in the future, for the need will be no less than it is now. Small osavings are usually firm savings. Experience has shown that once the habit of putting something by has been started, the old Victorian virtue of thrift comes into its own again.