HC Deb 25 June 1998 vol 314 cc614-5W
Mr. Waterson

To ask the Chancellor of the Exchequer what plans he has to encourage more people to save. [46184]

Mrs. Liddell

The Chancellor recently released the "Economic and Fiscal Strategy Report" which sets out our economic policy to achieve stability and the right conditions in which individuals will be encouraged to save with confidence.

In addition, we are introducing plans for the Individual Savings Account (ISA) specifically to develop and extend the savings habit. To help savers to find good value for ISAs, the Government are currently consulting on proposals to introduce standards to ensure reasonable charges, easy access and fair terms, to be known as the CAT standards.

Mr. Loughton

To ask the Chancellor of the Exchequer on the basis of what research he calculated the figure of six million likely new savers who will take up the new ISAs. [47084]

Mr. Geoffrey Robinson

[holding answer 23 June 1998]: I refer to the answer I gave to the hon. Member for Bognor Regis and Littlehampton (Mr. Gibb) on 22 December 1997, Official Report, column 473.