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<p>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.</p><p>
</p><p>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.</p><p> </p>
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