HC Deb 25 July 1991 vol 195 cc812-3W
Mr. Robert G. Hughes

To ask the Chancellor of the Exchequer what are the latest figures for personal equity plans.

Mr. Maude

Personal equity plans continue to do very well. In 1990–91 a further half million plans were taken out, with initial investment of £1.6 billion. The average amount invested was a little over £3,000.

The total number of plans taken out, since their introduction in 1987, is now nearly 1.5 million. And the total subscribed—ignoring withdrawals and growth—is almost £4 billion.

These figures do not yet reflect the changes announced in this year's Budget.