No, I will not.
The proposal would also delay Help to Save for a year, disadvantaging the savers on low incomes who will benefit from the scheme. Like many hon. Members, I am passionate about the Help to Save scheme and want to see it go ahead as planned. I intend to work with all who have been mentioned—the credit unions, many financial inclusion charities, and the Churches—to ensure that we exceed the take-up target for Help to Save. I will be delighted if we vastly exceed the target, and that is my intention.
6.30 pm
I am grateful for the level of interest that Members have shown in this important area of helping people to save. I appreciate that many amendments were tabled to try to improve the Bill, so in that collaborative spirit I hope that Members will accept Government amendments 3 to 5, which will improve the policies. I have set out why the other new clauses and amendments are unnecessary, and I hope that Members will be prepared not to press them to a vote as I have responded and provided reasons. I am confident that the Bill will further the Government’s aim of supporting people to save for their future in different ways, and I commend it to the House.