SSIAs: bring them back

Could the Government consider reintroducing the five-year savings scheme?

Sir, – As Government grapples with demands for tax cuts while seeking to avoid overheating the economy, it should consider reintroducing SSIAs.

Properly structured, this would attract some of the €152 billion of household savings sitting in demand accounts and would partially offset the impact of long overdue tax cuts on aggregate demand. – Yours, etc,

JOE LENIHAN,

Dublin 9.