§ Mr. Robert Edwards
asked the Chancellor of the Exchequer what information is available about unclaimed 42W moneys in the premium bond scheme; and what changes in the law would be necessary to make such sums available for investment purposes, particularly for development in inner city areas.
§ Mr. Lawson
Unclaimed moneys in the premium bond scheme belong to those individuals who won the prizes. The amount now unclaimed is £1,064,100. Primary legislation would be needed to expropriate these prizes from investors in this form of national savings.