HC Deb 19 June 1986 vol 99 c1193
17. Mr. Wood

asked the Chancellor of the Exchequer what representations he has received on the proposed personal equity plans.

Mr. Norman Lamont

A large number have welcomed the scheme.

Mr. Wood

Many of us welcome the moves that the Government have made to encourage small private investment. However, there have been comments from some investment funds that they would like to see personal equity plans geared to them as well as to direct investment. What are the Government's views on those representations?

Mr. Lamont

Obviously we shall consider the representations carefully. As I am sure my hon. Friend knows, we have said that for unit and investment trusts some investment will be permitted under the scheme. The precise limit is being looked at.