Passage 116 National Savings and Investments in the UK

知识 英语专四听写 第116期 2018-03-14 创建 播放:2296

介绍: 版权归原作所有,仅供此学习,若有侵权请告知删除。
[11:54.82]The last reading.
[11:58.28]National Savings and Investments in the UK
[12:03.03]National Savings and Investments was set up in 1861
[12:07.48]as the Post Office Savings Bank.
[12:10.39]The bank was backed by the government.
[12:12.85]And the money pa...

介绍: 版权归原作所有,仅供此学习,若有侵权请告知删除。
[11:54.82]The last reading.
[11:58.28]National Savings and Investments in the UK
[12:03.03]National Savings and Investments was set up in 1861
[12:07.48]as the Post Office Savings Bank.
[12:10.39]The bank was backed by the government.
[12:12.85]And the money paid in by the public
[12:15.10]provided a fund for the then chancellor
[12:17.48]to borrow to put towards public spending.
[12:21.05]During the First World War
[12:23.18]the scheme was expended to pull in more funds
[12:26.03]to finance the war effort,
[12:28.09]and savings certificates were introduced.
[12:31.63]In 1969, the Post Office Savings Bank
[12:35.09]became a separate government department.
[12:38.37]Its name was changed to National Savings at the same year.
[12:43.04]The word "investments" was not added to the title until 2002.
[12:49.12]Although its name has changed
[12:51.01]the organisation is still backed by the government.
[12:54.74]This makes it the most secure place for people to keep their savings.
[12:59.44]The bank has two roles:
[13:01.65]to raise cost-effective financing for the government
[13:04.71]and to reduce the cost of government borrowing to the taxpayer.

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