Gregory Campbell
DUP, East Londonderry
To ask Mr Chancellor of the Exchequer, prior to allocating funding for the new savings bond for senior citizens announced in the Autumn Statement, what assessment he made of likely demand for the new bond.
David Gauke
The Financial Secretary to the Treasury
The Government has allocated £10bn of inflows to the new savings Bonds for the 65 and over. They will pay a market leading rate, and there will be an investment limit of £10,000 per bond per person. That allows for one million bonds.
Does this answer the above question?
Yes1 person thinks so
No0 people think not
Would you like to ask a question like this yourself? Use our Freedom of Information site.