Savers

Part of Opposition Day — [1st Allotted Day] – in the House of Commons at 5:05 pm on 21 January 2009.

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Photo of Philip Hammond Philip Hammond Shadow Chief Secretary to the Treasury 5:05, 21 January 2009

The Financial Secretary is right in what he says about ISAs, but will he confirm that one in three savers is not saving through an ISA and that 40 per cent. of pensioner savers do not have ISAs? Older people perhaps tend to stick with what they know and, as I have said, we should change the system to accommodate them, rather than expecting them to adapt to the system.