Saving Gateway Accounts Bill
4:37 pm
Edward Timpson (Crewe and Nantwich, Conservative)
On the back of those remarks, we heard evidence this morning from the Institute for Fiscal Studies and other bodies that they were looking at more of a one-size-fits-all, non-competitive product that would be the same wherever people went, yet we hear that you want more discretion over how you package the product. How far do you mean to go with that? Is the Bill’s basic premise of 50p saving in the pound, for example, a sacrosanct element to which you would adhere? Are you referring more to the administrative nature of the product when you talk about discretion?