Personal Savings

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 9th March 1965.

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Mr. Hill:

Will the right hon. Gentleman agree that it is vital to maintain the rising trend in savings, which has been such a feature of the last thirteen years? In considering suggestions for stimulating savings, will he be very chary of adopting any suggestions on the lines of the compulsory savings levy which, at the suggestion of one of his present advisers, was incorporated into the 1962 Budget for British Guiana, with such disastrous results?