THE PEOPLE’S SAVINGS
Sir,—l am not disputing “60 Years a Worker’s” figures, but his interpretation of them. First, a good proportion of Post Office savings accounts are children’s and a good proportion of the remainder all well below the average of £135. Second, the present Government raised the maximum of interest-bearing deposits from £2OOO to £5OOO. These higher deposits are not workingmen’s savings. But they more than considerably swell both the total and the average of Post Office savings deposits. The Holland Government would not have deliberately raised the maximum to hide the fact that workingmen’s savings were falling, would they? And such an attractive proposition. To have large sums bearing interest at call!—Yours, etc., A.F.P. October 2, 1954.
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Press, Volume XC, Issue 27471, 4 October 1954, Page 14
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119THE PEOPLE’S SAVINGS Press, Volume XC, Issue 27471, 4 October 1954, Page 14
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