HC Deb 10 May 2001 vol 368 c277W
18. Mr. Goggins

To ask the Chancellor of the Exchequer what plans he has to encourage low-income households to save. [159896]

Dawn Primarolo

On 26 April, budding on the success of the ISA in encouraging a wider group of people to save more, the Government announced a consultation on two new proposals to encourage saving and the build-up of assets, the Saving Gateway and the Child Trust Fund. The Saving Gateway would encourage lower-income earners to save by offering to match savings with contributions from the Government. The Child Trust Fund would offer all families an account in which to save for their children, with every child from birth receiving an endowment from the Government to start the build-up of assets.

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