Savings (Government Contributions) Bill
About these Parliamentary proceedings
Reference
615 cc605-641 Session
2016-17Legislative stage
Second readingChamber / Committee
House of Commons chamberRelated items
Proceeding contributions
I beg to move, That the Bill be now read a Second time.
Let me start by reminding the House...
Is the Minister at all concerned that this lifetime ISA will introduce an added complexity to the...
Show all contributions (74)
On the latter point, I will discuss advice a bit later on, but we are keen that people have acces...
I am grateful to the Minister for giving way again. Their incomes mean that many young people are...
That interaction has been addressed in the Bill’s impact assessment. There was some concern about...
Anyone saving into an auto-enrolment pension will get tax relief up front, but anyone who invests...
Obviously, we have the Government bonus, which I mentioned, but I go back to the point about this...
Will the Minister acknowledge the concern of some that the two-year qualifying period for Help to...
We have announced that we will be going with a single provider, National Savings & Investments, a...
As usual, the House of Commons Library has produced a fantastic briefing on this Bill. In relatio...
We know that, historically—the hon. Gentleman is right on this—it has been difficult to target fi...
It is a pleasure, as always, to debate opposite the Minister. I thank her for outlining the overa...
I was grateful to the Minister for her response to my question. Will my hon. Friend commit our Fr...
My hon. Friend makes important points and we would support him in pushing the Government to respo...
The hon. Lady helpfully outlined the circumstances in which the lifetime ISA kicks in. Does she w...
I welcome the Government’s sentiment of encouraging people to save. If I may make a little progre...
Does the hon. Lady agree—this is perhaps unlike some of the measures brought in by Chancellor Gor...
Indeed. Products need to be explained as simply as possible and there needs to be a commitment fr...
I will pre-empt the Minister’s reply that help to save is incredibly similar to the saving gatewa...
I do not wish to interrupt the hon. Lady, but it is important to make the point that this is abou...
I thank the Minister for clarifying that point, but I think that some people would struggle to sa...
The hon. Lady refers to the impact assessment. After the sentence she referred to, it says:
I thank the hon. and learned Lady for reading from the impact assessment, but I was asking whethe...
I have to confess that I am a little confused by the hon. Lady’s arguments. Is she saying that be...
No, that is not what I am saying at all. It is important that we address this issue, but we have ...
Before my hon. Friend concludes her speech, might I suggest one further area on which Labour Fron...
My hon. Friend makes a very important point that Labour Front Benchers are considering in detail....
It is a pleasure to speak briefly on Second Reading and to support two schemes that are an excell...
Many of us in the Scottish National party would agree with everything that the hon. Gentleman has...
I am interested in the point that the hon. Gentleman makes, and I will say more about the lifetim...
The hon. Gentleman is making a very powerful application to serve on the Public Bill Committee. G...
I listened to the hon. Gentleman’s intervention earlier, and I would be interested to hear the Mi...
It is a pleasure to follow the hon. Member for Newark (Robert Jenrick). I was interested that he ...
Does the hon. Gentleman not agree that what Gordon Brown did when he was Prime Minister—taxing pe...
I absolutely agree with the hon. Gentleman that that was the beginning of the end for defined ben...
I draw the House’s attention to the fact that we had DWP questions earlier today, and I am sure t...
That was a politic answer. I cannot help but remark that I asked the Secretary of State for Work ...
My hon. Friend is making a really important point about the advantages of pension saving over the...
My hon. Friend is spot on. Those who are already investing large amounts into pension schemes and...
I hesitate to detain the House by repeating much of what was said by my hon. Friend the Member fo...
The Money Advice Service recently found that 21 million families had less than £500 in savings. W...
My hon. Friend has touched on an interesting issue. What she has said reflects one of the observa...
Does the hon. Gentleman not realise that there has been a massive 16% decline in the value of ste...
I entirely agree that overseas earnings are rising. That is why the stock market has increased so...
Perhaps the hon. Gentleman should ask his postman how much his holiday will cost him next year. T...
The hon. Gentleman will not be surprised to know that I disagree with him. I hesitate to get into...
The hon. Gentleman has set out three concerns, if I remember rightly, about Help to Save. I wonde...
I completely agree with the hon. Gentleman. The Government should look at exactly that. The barri...
It is a pleasure—on this occasion anyway—to follow the hon. Member for North West Hampshire (Kit ...
I thank my fellow Co-operative MP for giving way and apologise for not being able to be in the Ch...
My hon. Friend makes an important point. Many financial services markets around the world are far...
I congratulate the hon. Member for Harrow West (Mr Thomas) on his comments, particularly those ab...
I am a little puzzled by my hon. Friend’s use of the statistic that the under-30s have the lowest...
My hon. Friend makes a perfectly reasonable point, but he should bear in mind the fact that opt-o...
Does the hon. Gentleman agree that auto-enrolment has been an enormous success, and that one reas...
That is an interesting point. The hon. Gentleman is absolutely right to say that auto-enrolment i...
It is a pleasure to follow my hon. Friend the Member for Gloucester (Richard Graham). I am sure t...
I do not want to start by correcting the hon. Gentleman, but I am pleased to have a savings accou...
That is part and parcel of the mix. However, this Bill is about where we are going in the future....
We have had a number of contributions. The hon. Member for Newark (Robert Jenrick) told us about ...
Just to clarify, I said that the proposal risks undermining saving through a pension scheme and w...
I understand that clarification and I will touch on that topic in my speech.
Finally, the h...
Can the hon. Gentleman shed some light on why he thinks the Government would introduce a Bill tha...
The answer to the first question is that I do not know and the answer to the second is yes.
First, let me thank everyone here today for contributing to this interesting debate. As my hon. F...
I will give way, but I had hoped to address the hon. Gentleman’s many comments later on.
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I am grateful to the Minister, but this is an important point. Will he explain to the House why h...
I thank the hon. Gentleman so much for that intervention, but the Government are not doing what h...
I am grateful to the Minister for his considered response to my request for payroll deduction. Wo...
Yes, I would be very happy to do that.
I thank my hon. Friend the Member for Gloucester (Ri...
Given that the crux of the matter is to help younger people to save, can the Minister have a dial...
I absolutely agree with the hon. Lady. Making sensible, correct and proper financial decisions is...