Post-War Credits

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 28 November 1972.

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Photo of Mr Richard Luce Mr Richard Luce , Arundel and Shoreham 12:00, 28 November 1972

asked the Chancellor of the Exchequer what is the value of postwar credits still outstanding.

Photo of Mr Anthony Barber Mr Anthony Barber , Altrincham and Sale

Repayment of post-war credits to those who have produced certificates is nearly complete. Since April payments totalling £124 million in respect of post-war credits and interest have been made. It is estimated that up to about £40 million remains outstanding.

Photo of Mr Richard Luce Mr Richard Luce , Arundel and Shoreham

I am grateful to my right hon. Friend for that satisfactory answer. Does he acknowledge that the Government have an outstandingly better record than the previous Labour Administration in the repayment of post-war credits? In order to help the hard-pressed this winter, will he take all possible steps to expedite the release of the remaining outstanding credits, including, of course, his own?

Photo of Mr Anthony Barber Mr Anthony Barber , Altrincham and Sale

The trouble is that I have lost my certificates. But I have arranged that repayments of credits to claimants like myself who have lost certificates will begin on 1st January.