Bank Services

Treasury written question – answered on 11th June 2018.

Alert me about debates like this

Photo of Anneliese Dodds Anneliese Dodds Shadow Minister (Treasury)

To ask Mr Chancellor of the Exchequer, how many people were invited to sign up for help to save accounts in (a) January, (b) February, (c) March, (d) April and (e) May 2018.

Photo of Anneliese Dodds Anneliese Dodds Shadow Minister (Treasury)

To ask Mr Chancellor of the Exchequer, how many people signed up for help to save accounts in (a) January, (b) February, (c) March, (d) April and (e) May 2018.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

  1. The table below shows the number of Help to Save accounts which have been signed up to each month since January 2018. Numbers for May 2018 will not be finalised until the middle of June, and so cannot be provided.

Number of people signing up to Help to Save Accounts Since January 2018 (1)

Each month

Cumulatively

January 2018

10

10

February 2018

1,540

1,550

March 2018

4,780

6,330

April 2018

10,800

17,120

(1) Numbers are represented in single units, so there were 10 people signed up to Help to Save in January, rising to seventeen thousand, one hundred and twenty cumulatively by the end of April. The figures are rounded to the nearest ten.

  1. We do not have estimates available on the number of people invited to sign up for a Help to Save account. Customers are being invited to join the trial through the points of contact that tax credits and Universal Credit customers already have with Government, including the HMRC mobile app and Personal Tax Accounts. Once they have been invited, customers are able to share the information they have received about the scheme. We cannot track the number of people who might have entered the scheme through such a referral.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.