§ Mr. LoughtonTo ask the Chancellor of the Exchequer (1) what estimate he has made of the amount of money to be invested in ISA schemes by 5 April 2000; [R] [74047]
(2) how many non-PEP investors he now expects to open an ISA in the financial year 1999–2000. [R] [74046]
§ Ms Hewitt[holding answer 2 March 1999]: The Government are introducing the ISA to develop and extend the saving habit and ensure that tax relief on savings is fairly distributed. Half the population currently has less than £200 in savings. We are confident that ISAs will be attractive to significant numbers of new savers over the coming years.