It was the catalyst for Thatcher announcing her resignation on November 22,1990. Harold Wilson, the shadow chancellor, called the scheme “a squalid raffle” in 1990 Sir Geoffrey Howe, the deputy prime minister, resigned over prime minister Margaret Thatcher’s policies towards Europe and her opposition to the single European currency. On the first day, £5 million worth of bonds were sold. The first combined radio and TV licence was issued on June 1, 1946, and cost £2 in 1956 Premium Savings Bonds were launched by chancellor of the exchequer Harold Macmillan at a ceremony in Trafalgar Square, London. In 1922 the radio licence fee (initially ten shillings) was introduced in Britain.
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