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answer › answer text	%3Cp%3EThe Budget set an upper limit of %C2%A310 billion for the level of inflows that National Savings and Investments (NS&I) should attract into the fixed-rate savings bonds for people aged 65 or over. This is less than 1%25 of the total UK retail savings market.%3C/p%3E%3Cp%3E %3C/p%3E%3Cp%3EThe NS&I savings bonds announced at Budget should therefore not stop other institutions from attracting deposits or increasing lending. Furthermore, the introduction of New ISAs with an annual subscription limit of %C2%A315,000 will provide additional opportunities for banks and building societies to attract retail deposits.%3C/p%3E%3Cp%3E %3C/p%3E
answering dept id	14
max question first answered	2014-04-29T12:00:00.00Z

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46726

human indexable

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07/04/2014

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03/04/2014

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03/04/2014

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03/04/2014 19:40:58

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07/02/2015 03:25:08

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CaTreasury

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195031

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25259

	pref label	House of Commons

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28/04/2014 12:00:00

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To ask Mr Chancellor of the Exchequer, what impact assessment he has made of the effect of pensioners savings bonds on the private sector investment market.

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2013/14

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Middlesbrough South and East Cleveland

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Tom Blenkinsop

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House of Commons Tabled Parliamentary Question 2013/14 195031

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WrittenParliamentaryQuestion

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195031

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Ordinary

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is ministerial correction

answer text

The Budget set an upper limit of £10 billion for the level of inflows that National Savings and Investments (NS&I) should attract into the fixed-rate savings bonds for people aged 65 or over. This is less than 1% of the total UK retail savings market. The NS&I savings bonds announced at Budget should therefore not stop other institutions from attracting deposits or increasing lending. Furthermore, the introduction of New ISAs with an annual subscription limit of £15,000 will provide additional opportunities for banks and building societies to attract retail deposits.

question first answered

28/04/2014 12:00:00

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4037

	label	Biography information for Tom Blenkinsop

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25259

	pref label	House of Commons

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4037

	label	Biography information for Tom Blenkinsop