Savings Accounts and Health in Pregnancy Grant Bill

Part of Parliament (Amendment) – in the House of Commons at 5:28 pm on 26 October 2010.

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Photo of Andrew Love Andrew Love Labour, Edmonton 5:28, 26 October 2010

The Minister has forgotten to mention that both the child trust fund and the saving gateway were specifically targeted at lower-income groups, many of whom-perhaps most of whom-do not pay tax. All the evidence suggests that in order to incentivise people, you have to either provide them with an asset or match their savings pound for pound.