Savings Accounts and Health in Pregnancy Grant Bill

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

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Photo of Mark Hoban Mark Hoban The Financial Secretary to the Treasury 5:28 pm, 26th October 2010

I am sorry, but I need to make progress.

We are prioritising fairness and social mobility, providing sustained routes out of poverty for the poorest. While encouraging some of the poorest to build up savings can be seen as meeting those goals, in the tight fiscal position that we have inherited, it is better to invest more in education and health, which will have a greater immediate impact than building up assets.