Downing Street Says » Savings/Public Investment

» Monday, January 5, 2009

Savings/Public Investment

Asked about taxation of savings, the Prime Minister s Spokesman (PMS) said that savers benefited from the low inflation environment we were seeing at the moment, including the price of many goods coming down, which protected the real value of savings. Since 1997 we had introduced significant support to help savers with the introduction of Individual Savings Accounts (ISAs), which 18 million now benefited from.

Asked what the Government s plan for savers was and when it would come into effect, the PMS said that we would normally announce our plans on economic policy at the time of the Budget.

Asked about the 10 billion increase in public investment, the PMS said that the 10 billion increase in public investment was the figure set out in the Pre-Budget Report (PBR), which showed that public sector net investment rose from approximately 30 billion in 2007/08 to 40 billion in 2009/10.

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