As usual, the House of Commons Library has produced a fantastic briefing on this Bill. In relation to this product, it mentions the conclusions of the Institute for Fiscal Studies, which says that only £70 million has been allocated by the Treasury to cover this new savings product in 2020-21, which is nowhere near enough to cover the Government contribution of 50% if everybody who is eligible takes up the product. Has the Treasury got its figures wrong?
Savings (Government Contributions) Bill
Proceeding contribution from
Jonathan Edwards
(Plaid Cymru)
in the House of Commons on Monday, 17 October 2016.
It occurred during Debate on bills on Savings (Government Contributions) Bill.
About this proceeding contribution
Reference
615 c608Session
2016-17Chamber / Committee
House of Commons chamberSubjects
Librarians' tools
Timestamp
2018-08-16 12:10:00 +0100
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