I am glad to say the level of personal savings remains high. I would, of course, like to see this level even higher, and am always willing to consider ways of increasing it.
Can the right hon. Gentleman assure the House that he is actively considering such further steps, in view of his own observation last year that the higher savings were, the less the need for tax?
Yes, Sir. The right hon. Gentleman has in his time gone through a period similar to that through which I am passing at this moment.