Individual Savings Accounts: AIM Shares — Question

Part of the debate – in the House of Lords at 2:44 pm on 31st January 2012.

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Photo of Lord Peston Lord Peston Labour 2:44 pm, 31st January 2012

My Lords, I think that I understand the noble Lord's answer but surely the main criterion that ought to be applied to ISAs is: do we have a system that maximises people's propensity to save using ISAs? If it can be demonstrated that the Alternative Investment Market will do that, even if it is more risky-and, incidentally, people ought to know that all investments are risky-surely it still makes sense for the Government to widen the range of assets, assuming that that encourages people to save.