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National Savings rolls on to pass Spam test of time

National Savings is marking the 25th anniversary of the introduction of

index-linked savings by comparing how life has changed since 1975.

A National Savings statement says: “Back in the summer of 1975, Bay City

Rollermania was at its height and the nation loved nothing more than

settling down with a Spam sandwich in front of Crossroads before heading

out for a night on the town in aFord Cortina.

“At the same time, inflation hit a record-breaking 26 per cent and

Chancellor Denis Healey introduced index-linked savings certificates.”

Index-linked saving certificates are lump-sum investments guaranteed to

beat inflation and can be bought for either two-year or five-year terms.

National Savings says the vehicle is standing the test of time well, with

£100 invested in 1975 being worth £654 now, an increase of 554

per cent.

Commercial director Christopher Moxey says: “The vagaries of fashion mean

some things which once upon a time were considered chic are now left

looking a bit ill advised. But index-linked savings certificates have stood

the test of time. They remain a safe, tax-free, no-risk home for people.”

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